Copper jumps on upbeat US figures

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industrial metals were mixed on Tuesday amid upbeat US numbers and dovish comments by Ben Bernanke. New home sales soared to the highest level since July 2008 in January, while consumer confidence rose more-than-expected this month. Adding to gains, Ben Bernanke's comments alleviated worries that the Fed may withdraw its bond-buying program.

Aluminum remained in the negative territory amid global surplus concerns. Aluminium Institute reported that global output jumped 5.7% year-on-year in January mainly due to a surge in China's production. Moreover, global supply glut may be further exacerbated by signs of soft demand in the US.

Copper continued to gain inspiration from expected increase in China's demand. China's copper consumption is likely to grow 8% in 2013, creating a global deficit of 6,000 tonnes, according to Goldman Sachs Group Inc.

Nickel declined amid subdued demand from alloy producers and elevated LME inventories.

Zinc was the top-performer amid a slight decline in the LME stocks. Positive headlines from the US also sent the metal higher.
Back to articles

Actual Topics

Wed, 27 Feb 2013 10:38:04 GMT

Brent oil plunges as Iranian sanctions may be eased

Energy futures ended Tuesday's session in red after the American Petroleum Institute reported an increase in the US inventories. Moreover, easing supply concerns added pressure on the commodity complex. Iran is preparing its offer to a proposal by US and other countries to remove some sanctions. Crude oil dropped after the American Petroleum Institute said US stockpiles advanced 904,000 barrels last

Wed, 27 Feb 2013 09:35:04 GMT

Asian stocks advance, while Japan's shares fall

Asian shares excluding Japan rose as U.S. consumer confidence and housing data overshot expectations. Japan's stocks declined as the Yen gained before Italy's bond sale. The MSCI Asia Pacific Excluding Japan Index added 0.6% to 476.05, while the broader MSCI Asia Pacific Index falling 0.3% to 133.10. Japan's Nikkei 225 Stock Average slid 1.3%, whereas Australia's S&P/ASX 200 Index jumped

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.