34605
Copper Gains
World Economy

Copper Gains

London copper climbed on Tuesday after China’s fourth quarter growth met expectations, with some relief that the world’s No.2 economy hadn’t shown a more marked deterioration, Reuters reported. China’s economy grew 6.8% in the fourth quarter of 2015 from a year earlier, in line with expectations but still the slowest since the global financial crisis. “It’s still a sluggish market on the demand side. Most other commodities are quite deep into the cost curve, but copper’s not quite there yet,” said analyst Dan Morgan at UBS in Sydney. Three-month copper on the London Metal Exchange was trading up 0.6% at $4,405 a ton.

 

Short URL : http://goo.gl/Hs0en5
  1. http://goo.gl/PnbfD0
  • http://goo.gl/moSwKx
  • http://goo.gl/QLPtHD
  • http://goo.gl/DN3aKD
  • http://goo.gl/5z9vsY

You can also read ...

An expanding trade war threatens to squeeze incomes.
The untold story of the world economy—so far at least—is the...
PwC Says Australian Firms Deliberately Going Broke
Companies that deliberately fail are costing the Australian...
Asian Stocks Retreat, European Shares Mixed
Asian stocks closed lower on Monday as investors digested the...
Uncertainty abounds in Malaysia, where a two-month-old government is only starting to give  a clearer picture of economic policy.
For Southeast Asia's biggest economies, 2018 wasn't supposed...
Chinese Premier Li Keqiang (C) shakes hands with Jean-Claude Juncker (L) and Donald Tusk after the meeting in Beijing on Monday.
China could open its economy if it wished, European Commission...
Experts Say China Can Cope With Uncertain H2
China is confident it can cope with a more uncertain second...
Turkey Budget Deficit Expands
Turkey’s central government budget balance recorded a deficit...
Russia has been seeking ways of decreasing dependence  on the US currency.
One of Russia’s largest banks, VTB is seeking to decrease the...

Trending

Googleplus