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Copper Bulls Hoping For US/China Trade Progress
Copper prices are looking more stable ahead of the weekend as optimism over US/China trade relations helps stem the selling we saw earlier in the week. Copper prices had been heavily sold on Wednesday following weak US and China data. Chinese manufacturing was seen falling back into contractionary territory last month, raising fears over the impact of the ongoing trade war. Following that data, US GDP was seen crashing into negative territory over Q1. Together, these data sets painted a dim picture for copper demand expectations, sending the market lower. Despite the weak data sets from the US and China, it seems ... (full story)
