Copper fell after US manufacturing data

Note: This section contains information in English only.
Source: Dukascopy Bank
Industrial metals advanced on Thursday despite negative economic data from the US and the Euro Zone.

Aluminum added almost 1%, being buoyed by recent production decline at Tajikistan's Aluminum. Moreover, premiums from Japan rose and may lend support to the light metal.

Copper was the only loser as cancelled warrants at LME stayed weak. Adding to the negative mood of the metal, Philly Fed manufacturing Index fell unexpectedly by 14.3 points to 5.8 in May.

Nickel continued its bullish trend amid expected supply disruption after Vale declared force majeure at its Goro mine.

Zinc was marginally higher as weak spot supply lifted the metal's price. However, the upswing was limited by the Euro Zone's uncertainty and soft demand.
Back to articles

Actual Topics

Fri, 18 May 2012 16:12:02 GMT

Tech Stocks Gain Before Facebook Debut

Tech shares grow while investors are excitedly waiting for No. 1 social network to go public. Yahoo added 5.31%, Salesforce.com Inc. jumped by 9.88%, Apple Inc. gained 1.63%, Intuit Inc. advanced by 2.94%. Morgan Stanley High Tech 35 Index shows that overall industry improved by 0.49%.

Fri, 18 May 2012 16:22:32 GMT

Platinum rallied on expected supply disruptions

Precious metals rallied on Thursday amid hopes for more loosening policies from the Fed after Philadelphia's manufacturing activity posted a contraction in May.Gold gained momentum on indications of weakness of the US economy. Moreover, turmoil in the Euro Zone slightly increased safe-haven appeal of the yellow metal.Silver was the top-gainer despite soft global equities and strong US Dollar. Platinum received

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.