Copper soars on belief of Asian revival

Source: Bloomberg
© Scanpix/Reuters
Copper jumped to a six-week high on Wednesday, trimming the first monthly fall since July, amid reports suggesting a rebound in Asian economies fueled prospects for demand. Three-months copper surged 1.3% to $7,817 per metric ton in London, while the one for December delivery climbed 1.2% to $3.547 per pound in New York. Zinc, aluminum and nickel rose in London.

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Wed, 31 Oct 2012 16:15:01 GMT

Italy PPI exceeds forecasts in September

Italy's Producer Price Inflation was slightly above analysts' estimates in September, Istat reported on Wednesday. The PPI for domestic market advanced 2.8% on yearly basis, while economists predicted a 2.7% rise. Total market prices increased 2.6%, with a 1% growth in non-domestic market prices. On monthly basis, the index fell 0.1% in contrast to expected 0.1% rise. 

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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