Severstal income declines on the weaker ruble

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Source: Dukascopy

OAO Severstal, Russian steel producer, announced the decrease in net profit in Q3 by 29% to $429 million. The decline was mainly caused by forex losses Severstal experienced because of weakening ruble. Experts surveyed by Dow Jones Newswires expected the net income to be $480.3 million.

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Thu, 08 Dec 2011 15:30:01 GMT

Copper trading volumes declined

Copper trading volumes declined by 42% in five days as market sentiment was affected by further European summit. Trade volume of copper futures for March delivery decreased from 37,563 to 65,750. Open interest remained steady at about 70,000 with only 500 position decrease since November.

Thu, 08 Dec 2011 16:36:59 GMT

Hang Seng Index ends lower as Europe outlook worsens

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