LME copper prices closed at $8,293/mt overnight, a decline of 0.38%. Trading volume was 21,000 lots and open interest stood at 252,000 lots. The most active SHFE 2307 copper contract finished at 66,690 yuan/mt overnight, up 0.23%. Trading volume was 48,000 lots and open interest stood at 187,000 lots. On the macro front, after the Bank of Canada unexpectedly raised interest rates by 25 basis points, the U.S. dollar index fell. At the same time, the market was concerned about the suspension of US interest rate hikes in June. Markets were awaiting next week's inflation data which will gauge the path ahead of the Fed's ... (full story)