Copper gained 2% on Spanish euphoria

Source: Forexpros

Futures for copper gained 2% in the European Monday morning trading session, as investors were more confident after the EU agreed to bailout Spain up to EUR100 billion. On the NYMEX, July delivery futures for copper were traded at USD3.354 per pound. It earlier peaked at USD3.400, gaining 3.5% from the beginning of the trading session.


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Mon, 11 Jun 2012 18:42:37 GMT

Canadian stocks gain on Spanish request

Canadian markets edged higher on news about Spanish aid request from the EU. The Standard & Poor TSX jumped 0.1 per cent. The country's currency weakened versus the USD, with the greenback buying C$1.0271, comparing to C$1.0224 in the previous session.

Mon, 11 Jun 2012 13:50:36 GMT

FTSE 100 index higher on Spanish bailout

UK FTSE 100 index rose sharply in the morning trade adding 1% as investors prized Spanish bailout. Banks rallied with Lloyds Banking adding 2.4% and Barclays surging 1.1%. On the downside Tesco shed 0.9% after retailer reported a 1.5% fall in same-store sales. The index retreated during afternoon trade on news the anti-austerity party in Greece is gaining strength 6

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