Copper declined on Monday

Note: This section contains information in English only.
Source: Bloomberg
On Monday, July 30, copper ended a three-day rally as investors awaited the ECB and the Fed meetings on Thursday and Tuesday, respectively. Copper futures for September settlement erased 0.2 per cent to $3.419 per pound after adding 2.2 per cent in longest rally since the middle of June. Meanwhile, other metals like aluminum, tin, nickel, zinc and lead advanced during today's London's trading session.
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Mon, 30 Jul 2012 18:42:54 GMT

ECB to make bold actions later this week

The European Central Bank to reveal some bold actions on Thursday, including the interest rate decision, resume of bond-buying program and even the announcement of quantitative easing is possible. Last Thursday Mario Draghi pledged to support the shared currency, with the ECB to resume bond-buying program as the yields on Spanish and Italian bonds reached Eurozone's record levels.

Mon, 30 Jul 2012 18:21:48 GMT

China's inflation to ease in July

Inflation rate in the country with the world's second biggest economy is expected to ease in July, as food prices were lower this month. China's consumer price Index may fall to 1.7 per cent, the 30-month low. In order to boost the economy, the monetary policy may cut the benchmark interest rate and reserve requirement ratio during the third quarter.

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