Copper wavers amid continued global growth concerns

Copper prices steadied today after yesterday's losses, as markets continue to focus on the slowing global economy, and as the dollar holds strong against major rivals. 

The market was particularly rattled after White House advisor Larry Kudlow said the road is still long to reach a trade deal with China. 

He said recent positive remarks by US President Donald Trump were merely to soothe the markets. 

Otherwise, Bank of England Governor Mark Carney warned that a no-deal Brexit would raise economic recession risks, adding that resulting uncertainty would harm trade and finances considerably. 

The BoE cut growth estimates for the UK to 1.2% from 1.7% previously. 

As of 14:41 GMT, the dollar index steadied at 96.5, with a session-high at 96.6, and a low at 96.4. 

Copper steadied at $282.9 a pound, with a session-high at $283.8, and a low at $281.3.