Copper slips on weak US jobs data

Economies.com
2019-09-06 14:27PM UTC

Copper prices fell slightly today on weak US jobs data that offset the market's hopes about the US-China trade talks.

 

The markets are anticipating details about the latest round of US-China trade talks, after the the Chinese Ministry of Commerce stated that the talks are scheduled for next month after intensive calls between the two sides.

 

The US Labor Department revealed today that the job creation slowed to 130 thousand new jobs in August, lower than forecasts of 160 thousand jobs.

 

Investors are also anticipating mention of today's job report in the Fed Chair Jerome Powell's speech later today about the monetary policy, the statues of the US economy and global markets in general.

 

By 14:15 GMT, the dollar index fell by 0.1% to 98.2 points, with an intraday high of 98.4 and a low of 98.1.

 

By 14:10 GMT, copper futures (December delivery) fell by 0.4% to $2.631 per pound, with a high of $2.649 and a low of $2.62.

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