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 cent. Is [...]
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 Central Bank [...]
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 left near [...]
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 system. [...]
Thursday, November 6, 2008
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