Copper hits a 1-month low on China, Spain

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Source: Forexpros

On Monday, copper prices declined to a one-month low in European morning trading session, amid concerns that Chinese slowdown is more severe than expected, and uncertainty over Spanish bailout. On the NYMEX, December delivery futures for copper were traded at $3.691 per pound, which was a 0.3% fall for the trading session. Earlier, it hit $3.646, which was the lowest since Sept. 10.

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Mon, 15 Oct 2012 15:52:29 GMT

Crude oil falls on global growth concerns

On Monday, crude was traded lower during European morning trading hours, as the slowdown of Chinese economy buoyed the sentiment. On the NYMEX, December delivery futures for light sweet crude were traded at $92.02 per barrel, which was a 0.3% decline for the trading session. Earlier, prices for contracts fell by 1.05%, hitting a session low of $91.31.

Mon, 15 Oct 2012 15:21:28 GMT

PPI in Switzerland increased by 0.3%

The Swiss Federal Statistical Office reported on Monday that its PPI grew more than expected, continuing the streak of increases. Producer price index increased to 0.3% on a seasonally adjusted basis last month, compared to a reading of 0.5% in the preceding month. Analysts, however, expected that the index would be equal to 0.2%.

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