Copper rose on hopes for better demand from China

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
Industrial metals extended previous gains on Friday despite weak data releases from the US and Eurozone. Fading optimism over Greece also weighted. Moody's believes that the debt burden of Greece is unsustainable even after the country's bailout terms were eased. Base metals found support on expectations that Chinese PMI expanded more than forecast last month.

Aluminum gained 1.45% amid rising energy costs and falling unwrought aluminum stocks on the global market. At the same time, elevated inventories at LME warehouses continued to create notable pressure on the light metal.

Copper advanced on hopes that Chinese PMI expanded to 50.8 in November versus previous month's reading of 50.2. Expectations for improvement in China's demand also pushed the red metal higher.

Nickel climbed despite bloated stocks at LME. Nickel inventories rose 1.4% to 136,386 metric tons, the highest since January 2011.

Zinc jumped on a sharp increase in cancelled warrants at LME in the last few days. Cancelled warrants ratio remained at 51% of all stocks on Wednesday.
Back to articles

Actual Topics

Mon, 03 Dec 2012 09:37:31 GMT

Turkey inflation falls in November

Turkey annual inflation eased to 6.37% in November, comparing with 7.8% in October, the Turkish Statistical Institute announced on Monday. Consumer price index advanced by 0.38% in November, comparing with the previous month. More detailed report shows that housing made the biggest increase of 11.69% on yearly basis, followed by restaurants, cafes and hotels 9.44% increase.

Mon, 03 Dec 2012 10:32:30 GMT

Silver slides on mixed equities, fiscal cliff

Precious metals dipped on Friday amid broadly stronger US Dollar and uncertainty over the US fiscal cliff. However, the downswing was restricted due to weak US data releases. US consumer spending slumped unexpectedly in October, thus raising hopes that the Fed will ease its monetary policy further. Meanwhile, market players continued to monitor key US data to gauge the strength

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.