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Glonghui, July 3 — Baird has initiated research coverage of Abbott Laboratories, giving it an “Outperform” rating and setting a target price of $121. According to Baird, this diversified healthcare company is likely to achieve stronger earnings growth thanks to its broad product portfolio and upcoming product launches, despite facing some short-term headwinds.

Santiment data shows that XRP Ledger's average transaction return rate has dropped to its lowest level in 12 years. (Cointelegraph)

Golden Ten Data reported on July 3 that, supported by a weaker US dollar and lowered market expectations for Federal Reserve rate hikes in the coming months, copper prices and other industrial metals rose on Friday, with prospects to end a two-week downward trend. Weak US employment data has diminished bets on rate hikes and eased some of the downward pressure on industrial demand. The US Dollar Index declined for a second consecutive day, making dollar-denominated metals cheaper in other currencies. In recent weeks, industrial metal prices have been under pressure as US policymakers signaled continued tightening of monetary policy. A futures analyst said, “Weaker oil prices and soft US employment data have caused the dollar to weaken, which benefits copper prices, but persistent weakness in traditional industries will limit the upside potential for copper.”