37893
London Copper Slips
World Economy

London Copper Slips

London copper fell on Monday from four-month highs hit on Friday as traders took profits following last week’s rally on concerns that prices had overshot fundamental demand, Reuters reported. A resurgent risk appetite last week only grew stronger after a solid US jobs report for February. Three-month copper on the London Metal Exchange slipped 1.3% to $4,960 a ton, paring a 3.5% advance from the previous session when it struck its loftiest since Nov. 5 at $5,059 a ton. Shanghai Futures Exchange copper traded up 1.3% at 38,010 yuan ($5,837) a ton, having pared earlier gains of more than 3%.

 

Short URL : https://goo.gl/KPg1O4
  1. https://goo.gl/n8kIr4
  • https://goo.gl/LF2sEZ
  • https://goo.gl/BRKKUz
  • https://goo.gl/ayP9bl
  • https://goo.gl/ehnOqe

You can also read ...

China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Trending

Googleplus