On Friday positive economic data out of China and a weaker dollar briefly provided support to industrial commodity prices as analysts re-assess their expectations for Fed tapering in the aftermath of the showdown over the debt ceiling and government shutdown. In London, LME 3-mo. copper and nickel reportedly traded as high as $7,280/mt (=$3.30/lb.) and $14,250/mt (=$6.46/lb.), respectively, today but 3-mo. copper, aluminum and lead slipped into negative territory in PM trading. In New York, crude oil prices edged back up to around $101/bbl while gold futures retreated below $1,315/to this afternoon. On Wall Street the S&P 500 continued to march into record territory while in foreign exchange trading the dollar weakened further, reportedly falling as low as $1.3704 versus the Euro – the lowest level since February…
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