Copper falls after Lagarde comments
08/07/2014 11:19
Copper prices fell by 0.43 per cent on Tuesday at the domestic markets after International Monetary Fund Managing Director Christine Lagarde hinted that the agency may be preparing to cut its global growth forecasts which reduced the demand prospects for the industrial metal. IMF chief Christine Lagarde warned that the pace of global growth may be “less robust that expected” in the second half of the year due to “lackluster” investment. At the MCX, copper futures for August 2014 contract were trading at Rs.433.15 per 1 kg, down by 0.43 per cent, after opening at Rs. 434.10 against the previous closing price of Rs. 435. It touched the intra-day low of Rs. 432.75 till the trading. (At 11.14 AM today). Meanwhile, investors looked ahead to key economic data out of China and the U.S. later in the week to gauge the health of the global economy
08/07/2014 11:19
Copper prices fell by 0.43 per cent on Tuesday at the domestic markets after International Monetary Fund Managing Director Christine Lagarde hinted that the agency may be preparing to cut its global growth forecasts which reduced the demand prospects for the industrial metal. IMF chief Christine Lagarde warned that the pace of global growth may be “less robust that expected” in the second half of the year due to “lackluster” investment. At the MCX, copper futures for August 2014 contract were trading at Rs.433.15 per 1 kg, down by 0.43 per cent, after opening at Rs. 434.10 against the previous closing price of Rs. 435. It touched the intra-day low of Rs. 432.75 till the trading. (At 11.14 AM today). Meanwhile, investors looked ahead to key economic data out of China and the U.S. later in the week to gauge the health of the global economy
