Thursday, 3 October 2013

Industrial Metal Market News on 03/10/2013 by Market Magnify

Industrial metals prices fell to its lowest in aweek yesterday as the U.S. government shutdown reignited concerns about the world's largest economy and sparked a wave of fund and institutional selling, offsetting upbeat U.S. manufacturing data.

Industrial metals prices are trading little changed on international bourses today. We do notexpect any major downside in the prices of metals on account of better economic data fromChina and US and a weak US dollar overseas.


1 comment:

  1. The market ended rangebound session with mild gains on Monday as investors await the mid-term review of foreign trade policy tomorrow and RBI policy decision on Wednesday.
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