Articles Tagged "eurozone"

Copper Drops on High Inventories and Risks to European Recovery

Positive US and Chinese manufacturing data pushed copper to a short-lived, four-month high on Monday. Thereafter, copper prices slumped three days in a row as Spain became embroiled in a corruption scandal and the European Central Bank warned of risks to Europe’s economic recovery.

Copper Climbs on Demand Expectations from China

Reuters reported copper prices were on the rise on Thursday as speculation on demand that China could recover by the end of the year. However, currency concerns from the Eurozone and a firmer US dollar kept a tight rein on the red metal's progress.

Copper Prices Fall on Lack of Demand

Reuters reported that copper prices were down to a one-week low on Monday investors play "wait-and-see" with the markets. Chinese infrastructure plans, ECB and US Federal Reserve policy easing have ebbed investor interest, furthermore, growing uncertainty over the fate of Spain has pushed the euro down.