Copper Stabilizes
World Economy

Copper Stabilizes

Copper steadied on Wednesday as China’s government pledged more economic support, while gains were capped ahead of the outcome of a Federal Reserve meeting where officials are expected to affirm at least one further rate hike is on the cards this year, Reuters reported. Three-month copper on the London Metal Exchange had edged up 0.2% to $4,957 a ton, extending losses from the previous session. Prices have found a floor around the $4,875 mark, while the approaching 200-day moving average ceiling at $5,023 could flag a looming breakout.


Short URL : http://goo.gl/QvwrFs
  1. http://goo.gl/PAcPaj
  • http://goo.gl/sOcdXQ
  • http://goo.gl/LNVBnN
  • http://goo.gl/zvXCE7
  • http://goo.gl/m7XqeM

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...