By Leia Michele Toovey- Exclusive to Copper Investing News Now that the U.S. election is over, the economy is back in the spotlight. Earlier this week, pre-election excitement sent the economy on an ascent; following the election, the markets tracked back their gains. On Wednesday, copper, considered a key indicator of economic health, was down five per [...]
Friday, October 10, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News It has been a volatile week for copper prices. On Wednesday, copper tumbled to its lowest price since March 2006 over concern of a global recession. Three-month copper on the London Metal Exchange (LME) closed at US$5,240 per tonne. Later on Wednesday, the U.S. Federal Reserve, European [...]
Continue reading "Copper's wild ride"
Thursday, September 18, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News Copper started the week on the upside with the dollar’s decline instigating gains that strong- armed the market catastrophe’s negative sentiment. As the week progressed though, copper futures ended lower as global economic growth concerns and further turmoil in financials weighed on sentiment. Copper prices were [...]
Continue reading "As week closes, negative market sentiments extend to copper"
Thursday, September 18, 2008
Thanks to a weaker dollar and after a four day low copper has risen again. There was also an increase of inventories marked for removal from LME registered warehouses, which is is the highest since April. Equity markets also advanced after the world’s largest central banks said they will pump $180 billion into the financial [...]
Continue reading "Copper Rises in London"
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Thursday, November 6, 2008