Aluminum dropped on dismal manufacturing data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industry metals tumbled on choppy Monday trade as dismal manufacturing data from all over the world continued to dominate investors' sentiment.

Aluminum continued its fall amid signs of global economic stagnation and even easing worries about Eurozone debt crisis failed to support the light metal.

Copper lost more than 4% over the last week as US reported unexpected fall in factory orders in April. However, the downswing was limited by easing hopes in China as the country's economy started to stagnate.

Nickel extended previous losses as steel demand continued to deteriorate.

Zinc fell as weak spot activity and disappointing manufacturing data releases weighted on the metal.
Back to articles

Actual Topics

Tue, 05 Jun 2012 13:37:21 GMT

Brent oil eased up ahead of Iranian talks

Energy markets were solid on Monday amid QE hopes in the US and China. Meanwhile, energy prices are expected to remain volatile ahead of G7 emergency call conference due on Tuesday.Crude oil rose on bargain buying and expectations for drop in the US inventories last week. Moreover possible monetary easing in the US and China boosted demand prospects.Brent oil gained

Tue, 05 Jun 2012 13:15:42 GMT

Platinum fell despite potential supply disruptions

Precious metals retreated on Monday amid profit taking among investors after previous rally. However, broadly weaker US Dollar and hopes for easing measures in the US limited the downswing.Gold ended the day on a negative note along with weaker US equities and profit-taking. Meanwhile, the yellow metal's tie to riskier assets weakened as gold failed to rise on stronger Euro.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.