-
Copper declines on firmer US dollar
Copper prices eased on Monday, pressured by a stronger US dollar, shrugging off signals of optimism in China with latest economic data showing a slight uptick. Three-month copper on the London Metal Exchange (LME) slipped 0.4% to $8,970.5 per metric ton by 0405 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange (SHFE) gained 0.07% to 73,820 yuan ($10,161.61) a ton. The dollar crept higher at the beginning of what is shaping up to be a critical week for the prospect of US interest rate cuts, while the yen’s recent rebound was underpinned by wagers on rising rates at home. A stronger ... (full story)
- Comments
- Subscribe
-
- Older Stories
From rba.gov.au|Dec 2, 2024Preliminary estimates for November indicate that the index increased by 0.6 per cent (on a monthly average basis) in SDR terms, after increasing by 3.2 per cent in October ...
From bnnbloomberg.ca|Dec 2, 2024The French government “has put an end to discussions” on possible changes to the social security bill, Marine Le Pen told AFP on Sunday, paving the way for a possible ...
From xm.com|Dec 1, 2024China's factory activity expanded at the fastest pace in five months in November as new orders, including those from abroad, led to a solid rise in production, pushing ...
-
- Newer Stories
From @C_Barraud|Dec 2, 2024post:
#ECB 'S LANE: MONETARY POLICY REMAINS RESTRICTIVE: FT PODCAST - BBG *ECB'S LANE: INFLATION TO BE SUSTAINABLY AT 2% IN COURSE OF '25 *ECB'S KAZAKS: IN MY VIEW INTEREST RATE REDUCTIONS MUST CONTINUE - BBG
From bnnbloomberg.ca|Dec 2, 2024|1 commentThe UK is expected to decide early in the new year whether it will continue to release key economic data before financial markets open, a practice that investors say spurs ...
From pmi.spglobal.com|Dec 2, 2024Spain’s manufacturing economy continued to expand during November, albeit at a slower rate. Output and new order growth both weakened, in part reflective of the heavy flooding ...
- Story Stats
- Posted: Dec 2, 2024 1:40am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 135
