US copper futures dropped to an 18-month low as concerns about demand after an economic slowdown continue to direct movement. A 4 percent sell-off in crude oil futures was seen adding to the red metal’s weaker tone, they added. Find the complete article here.
US copper futures continued to drop as investors wait and concerns remain high about the government’s bailout plan. The drop was capped by reductions in inventory from the London Metal Exchange (LME) warehouse. Concerns that political wrangling could delay or weaken the bailout plan to mop up bad mortgage debts from banks’s balance sheets seen [...]
US copper futures rose from a 9-month low to trading at close to $3.00 per pound. The move was supported by global central banks strengthening world stocks with an influx of money into money markets. Six of the world’s top central banks announced a series of measures to pump more than $180 billion in extra [...]
US copper futures dropped in connection with the overall fall of the metals complex as the US dollar’s strength continued to push metals down. A weaker tone on Wall Street and further probes to the downside in crude oil prices were other factors seen dragging on industrial metal copper. Read the entire article here. [...]
WIth news of the government’s intention to bail out mortgage giants Fannie Mae and Freddie Mac US copper futures increased by more than 1%. The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz), launching what could be its biggest bailout ever to support the [...]
Copper’s seven month low has returned after US copper futures dropped 3 percent due to London Metal Exchange‘s (LME) news of continued high inventories. By 8:02 a.m. EDT (1202 GMT), copper for December delivery HGZ8 was trading down 11.20 cents or 3.4 percent at $3.1540 per lb on the New York Mercantile Exchange’s COMEX division. [...]
London Metal Exchange stocks rose leaving a downturn in copper prices as inventory increased. Shanghai Futures Exchange is also rumoured to have big arrivals. Despite the decrease in the US dollar and an increase in crude oil concern seems to be on inventory. “Unusually, metals are looking past these items and seem to be focusing, instead, [...]
With the London Metal Exchange closed for a holiday investors pushed for a rise in US copper futures, largely in technical business. Copper, an industrial metal used primarily in home construction, garnered additional support from better-than-expected data on the U.S. housing front. * The pace of existing home sales in the United States rose in [...]
Strong precious metals and energy markets supported the rise of US copper. The Energy Information Administration‘s weekly data for US petroleum and crude oil stock will direct the pricing further. Copper taking its cue from a firmer tone crude oil prices ahead of fresh inventory data. [O/N] * U.S. crude oil inventories were forecast to [...]
Keeping in line with a drop in crude oil, US copper futures have also fallen. A firmer dollar and continued concerns about economic growth left copper just above its 6-week low. Copper down in tandem with energies and precious metals complexes, after the dollar extends its morning gains on better-than-expected U.S. July consumer confidence data. [...]
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