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Copper Rises for Fourth Day in New York as Crisis Concern Eases

October 10 2011, 08:12

FMX|Connect- WWW.FMXConnect.com (Reported on 10/10/2011)

Copper Rises for Fourth Day in New York as Crisis Concern Eases

Source: Bloomberg

Copper rose for a fourth day in New York after the leaders of France and Germany pledged a plan to stem Europe’s debt crisis in three weeks.

The crisis is the biggest risk for industrial metals, with a possible Chinese slowdown viewed as less of a concern, Macquarie Group Ltd. said in a report today. Metals are oversold, with “macroeconomic fear currently outweighing still- robust fundamentals,” the bank said, citing a poll taken during last week’s London Metal Exchange Week. To read the full article, Click Here.

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