Monday, 21 May 2012
SHANGHAI COPPER
The most-active August copper contract on the Shanghai Futures Exchange climbed 0.8 percent to 55,650 yuan ($8,800) a tonne, after falling 0.4 percent the session before.
0731-6618000
LME COPPER
London Metal Exchange (LME) three-month copper edged up $1 to close at $7,650 a tonne.
0731-6618000
COPPER
Copper posted losses for a third straight week on Friday, losing 4.5 percent of its value over the past five days, on fears Europe’s spiraling debt crisis and China’s slowdown will erode demand for metals.
0731-6618000
GOLD
Gold rose more than 1 percent o n Friday, on track for its largest two-day gain since October, boosted by investors’ consolidation of positions ahead of the weekend and a stronger euro.
0731-6618000
U.S. MARKET UPDATE
U.S. stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets.
The Dow Jones industrial average dropped 73.11 points, or 0.59 percent, to 12,369.38. The Standard & Poor’s 500 Index lost 9.64 points, or 0.74 percent, to 1,295.22. The Nasdaq Composite Index fell 34.90 points, or 1.24 percent, to 2,778.79.
0731-6618000
Commodity Market Outlook :21-05-2012
Copper bounces; eyes third weekly loss
Shanghai copper stocks drop by 13,635 tonnes on week
Oil prices slipped in choppy trade on Friday
Gold jumped, posting its biggest weekly gain in a month
Oil and copper prices fell 4 percent on the week.
0731-6618000
Subscribe to:
Posts (Atom)