(Bloomberg) — Copper surged by the most in more than 16 years as metals extended a dramatic start to the year fueled by a wave of intense speculative trading in China. Chinese investors are piling into metals as they ride a powerful wave of momentum that has lifted everything from tin to silver to record…
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…