Copper soars amid hopes on China's monetary easing

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Source: Forexpros

Copper futures advanced to almost one-month high as metal's price was supported by hopes of the China's monetary easing. COMEX copper March contract traded at USD3.541 a pound at the early European trade, on the New York Mercantile Exchange, easing up 0.8% since opening.

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Wed, 11 Jan 2012 14:52:03 GMT

EU plans to take action against the Hungary's deficit

The EC said Hungary did not take any firm action to limit the excessive budget deficit. The country deficit remained at 3% of GDP in 2011 and is likely to remain unchanged this year. In effect, the EC is forced to take action against Hungary over excessive deficit. International lenders also are likely to demand tougher conditions from the country for new loans later this

Wed, 11 Jan 2012 14:51:48 GMT

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