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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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1404
|
0.0062
|
0.5471%
|
|
|
|
|
1.2550
|
-0.0068
|
0.5409%
|
|
|
|
Tadawul
|
7380.35
|
-28.29
|
0.38%
|
|
|
|
|
19.195
|
-0.103
|
0.536%
|
|
|
|
|
40.355
|
-0.070
|
0.173%
|
|
|
|
|
43.09
|
0.37
|
0.87%
|
|
|
|
|
1808.435
|
-4.145
|
0.229%
|
|
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