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Copper Testing Key Support
Copper prices remain under pressure today, despite the lift in Chinese stocks on the back of weak China data overnight. CPI and PPI were both seen falling again in the world’s second largest economy last month. The data adds to fears that the Chinese economy is deteriorating and has prompted speculation of further Chinese stimulus to come. However, while these expectations have boosted stock prices, copper prices remain in the doldrums today. Given the situation in China, the sense here is that unless the government announce a widespread fiscal stimulus package, measures aimed at reviving the stock market will ... (full story)
