Copper futures flat amid weak Euro area data
30/06/2014 10:27
Copper futures were trading on a flat note in the domestic market on Monday as investors and speculators stayed cautious over booking fresh positions in the industrial metal as a dip in economic sentiment in the Euro area signaled a faltering recovery in the 18-member economy, dimming the demand outlook for the base metal. The gauge measuring Euro area economic confidence fell to 102 this month from 102.6 in May, EU said. At the MCX, copper futures for June 2014 contract is trading at Rs. 418.15 per 1 kg, up by 0.07 per cent, after opening at Rs. 418.35, against the previous closing price of Rs. 417.85. It touched an intra-day high of Rs. 418.75. (At 10:16 AM).
30/06/2014 10:27
Copper futures were trading on a flat note in the domestic market on Monday as investors and speculators stayed cautious over booking fresh positions in the industrial metal as a dip in economic sentiment in the Euro area signaled a faltering recovery in the 18-member economy, dimming the demand outlook for the base metal. The gauge measuring Euro area economic confidence fell to 102 this month from 102.6 in May, EU said. At the MCX, copper futures for June 2014 contract is trading at Rs. 418.15 per 1 kg, up by 0.07 per cent, after opening at Rs. 418.35, against the previous closing price of Rs. 417.85. It touched an intra-day high of Rs. 418.75. (At 10:16 AM).
