Copper falls ahead of ECB meeting outcome

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Source: Investing.com
Prices for copper slid on Thursday amid traders awaiting for the ECB meeting outcome, where a bond-buying programmed is expected to be revealed. In the US copper futures for March delivery lost 2.5 cents and traded at $2.587 per pound, compared to $2.612 previous day. Global growth forecast has been cut to 3.5% from 3.8%, causing copper to fall in price, as it is sensitive to economic growth. The red metal lost approximately 10% in 2015 due to the growth situation and weaker demand.
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Thu, 22 Jan 2015 12:47:08 GMT

ECB QE programme

Mario Draghi, ECB President, will most likely turn to 50 billion euros a month quantitative-easing programme. The steps of sovereign bond-buying programme may need to be taken in order to fight the threat of deflation within the Euro zone countries. However, investors are weighting whether the ECB will do enough to stoke Europe's fragile economy.

Thu, 22 Jan 2015 11:32:06 GMT

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