Markets

Morning Copper Market Report

The copper market has posted moderate gains this morning, as some traders feel that prices are generally found benefit from positive sentiment in global markets. Other traders have been surprised that the markets haven't become concerned with high yields in today's Euro zone debt auctions, although demand for those instruments was strong enough to inspire some confidence. Many traders are hopeful that the EU will come forth with some fresh rules on the leveraging of their emergency bailout fund, and that a private survey of US Consumer Confidence and stronger US equities will lend support to copper prices today. Japanese Unemployment during October was 4.5%, higher than expectations and may be an early sign of weaker Japanese industrial copper demand.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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