By Leia Michele Toovey- Exclusive to Copper Investing News Copper rallied to a one week high on Monday as uncertainty over the U.S. banking bailout dropped the American currency in comparison to the yen and euro. Further positive sentiment was extended as stocks fell in Asian warehouses, suggesting a pick-up of demand in China. Extra [...]
Continue reading "Copper rallies as bailout leaves uncertain future for US dollar"
Tuesday, September 16, 2008
Copper was at an eight month low with investors concerned that global financial instability would impact demand. Analyst, Leon Westgate, of Standard Bank noted further liquidation to be expected. All markets are linked to each other which makes things like Lehman going under much more worrying — you wonder where the next weak link in [...]
Continue reading "Copper Sinks on Financial Woes"
Monday, September 15, 2008
Copper was up half a percent in the midst of a weakening US dollar, production concerns and China’s low inventories. Copper shrugged off the turmoil in financial markets, including Lehman Brothers filing for bankruptcy on Sunday, and instead chose to focus on the greenback, which fell as much as 1 percent, extending Friday’s sharp losses [...]
Continue reading "LME Copper Up for Fourth Day"
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Monday, September 22, 2008