Copper falls on weak Chinese data

2020-01-09 15:37:17 GMT (Economies.com)
Copper falls on weak Chinese data

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.%
1.1730
0.0059
0.5068%
1.2923
0.0055
0.4247%
Tadawul
8299.08
16.57
0.20%
23.355
-0.001
0.004%
40.034
-0.256
0.635%
40.95
-0.08
0.19%
1888.305
15.610
0.834%
 
 
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