Good morning. London Metal Exchange power outage, U.S. to vote on Nord Stream 2 pipeline sanctions, Pfizer’s hybrid vaccine and Powell cautions of post-pandemic economy. Here’s what’s moving markets.
The world’s metals traders are dealing with a shutdown at the industry’s most important exchange, where more than $60 billion of contracts changes hands each day. A power outage at a third-party data center has caused connectivity issues, according to the London Metal Exchange. That’s cut off at least some traders from a venue that sets global prices for bellwether commodities from copper to aluminum.