Copper tumbled by 0.75% after China's growth forecast cut

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Source: Forexpros
Copper futures declined on Monday after China reported on the reduction of this year's growth forecast. Moreover, escalated worries over Greece's capability to pay back its debts weighted down on base metals. Copper futures for delivery in May traded at 3.874 US Dollars per pound at the early European session, on the New York Mercantile Exchange, losing 0.75%.

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Mon, 05 Mar 2012 16:48:36 GMT

Retail sales in the EU rose by 0.7% in January

EU's retail sales increased in January but overall economic performance of the region stayed weak.  The Euro Zone's retail sales posted 0.3% gain while analysts predicted a 0.1% decline. The whole EU region faced a 0.7% jump in retail sales in January, reported Eurostat. Considering separate country data, retail sales were mixed with a 0.6% drop in Germany and a

Mon, 05 Mar 2012 16:21:05 GMT

Agriculture

Rural commodities apart from coffee were higher on Friday despite stronger US Dollar and weaker equities. Grain commodities drew strength from rallying soybean futures that hit five-month high on the lingering concerns over South America's crop conditions. Moreover, wheat and corn were supported by the sustainable demand from China for US grains. Further, expected fall in the Russia's wheat exports

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