World Economy

Copper Steady

Copper SteadyCopper Steady

London copper steadied on Tuesday, underpinned by a weaker dollar as worries over bank solvencies spilled over from global stock markets, and turnover was extremely low as traders waited for the return of top consumer China next week, Reuters reported. Investor sentiment, already soured by a soft patch for global growth, worsened on concerns that Deutsche Bank would not be able to meet its bond payments sent its shares tumbling near 10% on Monday. This fueled weakness in industrial commodities, as investors fled to safe-havens and away from industries linked to global growth, such as metals.