Copper Crash Deepens

From tickmill.com

Copper prices are continuing to slide through the back end of the week. The futures markets has been under steady selling pressure amidst disappointment at the recent stimulus measures announced in China. The Chinese government outlined plans to help the country’s ailing property sector, including the expanding of a ‘white list’ of eligible housing projects for financing. That financing has also been increased to 4 billion Yuan. While the measures are encouraging, the reaction in Chinese equities markets and commodities markets suggests that traders were looking for firmer support. Copper prices are also being ... (full story)