By Gregor Stuart Hunter SINGAPORE (Reuters) -Asian equities slipped on Thursday, weighed down by weaker-than-expected Chinese activity data and a plunge in copper prices, while the yen firmed after the Bank of Japan raised its inflation forecast for the fiscal year and held rates steady. The revised forecast suggested cautious optimism that Japan’s trade deal…
SINGORE, – Copper prices on the London Metal Exchange and the Shanghai Futures Exchange rose on Friday, supported by stronger-than-expected U.S. economic data and expectations of increased Chinese buying after the recent price dip. Three-month copper on the LME gained 0.13% to $9,679 per metric ton by 0104 GMT, rising 0.32% so far this week,…
A slow summer for markets this is not. Traders entered Wednesday’s session digesting more President Trump tariff chaos that has sent copper prices ripping higher. This is in addition to fresh uncertainty on the future of the Federal Reserve. Some 10 minutes into the opening bell on Wall Street, however, investors shook it off to…
Stock markets in Asia were mixed overnight, as investors digested Trump’s latest trade announcements, which included a 50% tariff on copper and soon-coming levies on semiconductors and pharmaceuticals. The Nikkei (^N225) rose 0.3% on the day in Japan, while the Hang Seng (^HSI) fell 1.1% in Hong Kong. The Shanghai Composite (000001.SS) was 0.1% down…
(Bloomberg) — US copper prices fell sharply on Wednesday as traders rushed in to square off their positions before a long holiday in China. Most Read from Bloomberg Futures on New York’s Comex sank as much as 7.2% to $4.524 per pound on Wednesday, before paring some of the losses. The selloff came as Chinese…