Copper falls on weak global cues
09/07/2014 11:49
Copper prices fell by 0.36 per cent on Wednesday at the domestic markets after U.S. small business sentiment weakened in June, pulling back from a six-year high because firms felt less confident the economy would improve in the coming months which reduced the demand outlook for the commodity. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index fell 1.6 points to 95 last month. At the MCX, copper futures for August 2014 contract were trading at Rs.432.90 per 1 kg, down by 0.36 per cent, after opening at Rs. 434 against the previous closing price of Rs. 434.45. It touched the intra-day low of Rs. 432.80 till the trading. (At 11.11 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
09/07/2014 11:49
Copper prices fell by 0.36 per cent on Wednesday at the domestic markets after U.S. small business sentiment weakened in June, pulling back from a six-year high because firms felt less confident the economy would improve in the coming months which reduced the demand outlook for the commodity. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index fell 1.6 points to 95 last month. At the MCX, copper futures for August 2014 contract were trading at Rs.432.90 per 1 kg, down by 0.36 per cent, after opening at Rs. 434 against the previous closing price of Rs. 434.45. It touched the intra-day low of Rs. 432.80 till the trading. (At 11.11 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
