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Copper falls on weak Chinese data
2020-01-09 15:37:17 GMT
(Economies.com)
Copper futures fell on Thursday, after the release of weak Chinese economic data and a robust performance by the US dollar, in addition to anticipation for the US jobs report.
China revealed today that the CPI held at 4.5% in December, falling short of forecasts of a rise by 4.7%, while the PPI fell 0.5%.
Investors are anticipating the US jobs report for tomorrow, with forecasts for the US economy to add 150,000 jobs in December.
Otherwise, the dollar index rose against a basket of currencies by 0.1% to 97.4 points as of 14:37 GMT, and hit a high of 97.5 and a low of 97.2.
Copper March futures fell by 0.2% to $2.805 per pound as of 14:46 GMT, with a day high of $2.819 and a low of $2.799.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1688
|
-0.0082
|
0.6950%
|
|
|
|
|
1.2696
|
-0.0133
|
1.0332%
|
|
|
|
Tadawul
|
8244.82
|
-8.15
|
0.10%
|
|
|
|
|
23.216
|
-2.789
|
10.726%
|
|
|
|
|
39.401
|
-0.790
|
1.966%
|
|
|
|
|
41.29
|
-0.42
|
1.01%
|
|
|
|
|
1878.925
|
-36.600
|
1.911%
|
|
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