Copper futures jump to three-week high on positive news from China

Source: Forexpros

Copper futures advanced to three-week high as traders were inspired by expansion of manufacturing activity in China last month. Copper futures for delivery in March traded at USD3.486 a pound at the European trading session, on the Comex division of the New York Mercantile Exchange, adding 1.55%.

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Tue, 03 Jan 2012 16:03:17 GMT

Speculators increase short position in natural gas futures

Large number of non-commercial traders increased their short positions in the natural gas futures during last week on the New York Mercantile Exchange, reported Commodity Futures Trading Commission. Speculative traders hold net short position amounting 160,591 contracts. Natural gas futures lost 0.5% on the Nymex last week, according to CFTC data.

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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