Copper falls on data of China home prices and U.S. jobs

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Source: Bloomberg
Copper declined to the lowest in a week in New York, as signals of increasing China's home prices and falling jobless claims in the U.S. imply that further stimulus will not take place in two largest metal-consumer countries. Copper futures for September settlement dropped 0.4% to $3.117 per pound as of 10:28 a.m. on the Comex, while it traded at $6,880.50, down 0.1%, in London.
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Thu, 18 Jul 2013 15:52:10 GMT

Treasuries drop amid speculation of stimulus tapering

Treasuries declined for the first time this week after reports on regional manufacturing and jobless claims indicated that the U.S. economy is gaining strength. The data boosts speculation that the Federal Reserves could slow down asset purchases. Yield on 10-year treasury gained three basis points to 2.52% at 10:51 a.m. in New York.

Thu, 18 Jul 2013 16:25:09 GMT

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