Downward revisions from the Asian Development Bank and ratings cuts for miners dragged stocks lower on Tuesday.» Read More
European stocks accelerated gains into the close on Monday after a weak U.S. employment report dampened expectations that the U.S. Federal Reserve will start raising interest rates soon.
*Copper up about 1 pct for the week. SINGAPORE, Oct 2- Copper was set to snap a two-week decline on Friday as investors bet production cuts would support prices, though concerns over demand from top consumer China remained. "Copper failed to sustain this week's rally after weak manufacturing data raised concerns about global growth," ANZ analysts said in a note.
*Copper up about 1 pct for the week. SINGAPORE, Oct 2- Copper slipped on Friday on concerns over demand from top consumer China, but the metal was set to snap a two-week decline as investors bet production cuts would support prices. "Copper failed to sustain this week's rally after weak manufacturing data raised concerns about global growth," ANZ analysts said in a...
SINGAPORE, Oct 2- Copper edged higher on Friday as production cuts by top miners put a floor under the market which slid 1.3 percent in the last session, but trading was thin with top consumer China on holiday. The market hit its highest since Sept. 22 at $5,230 on Thursday but it could not hold ground as optimism faded about stronger demand prospects in China.
LONDON, Oct 1- Copper slipped on Thursday as optimism faded about stronger demand prospects in top consumer China, but some analysts expect prices to soon test the two-week highs seen earlier as lower supply leads to a more balanced market. "The data may be suggesting China is about to turn a corner, that at some point we will see more robust demand growth rates," said...
European stocks closed mixed to lower on Thursday, as start-of-quarter enthusiasm petered out among investors and telecom stocks weighed on investor sentiment.
LONDON, Oct 1- Copper climbed to its highest in more than two weeks on Thursday as slightly above consensus manufacturing data from top consumer China and output cuts helped buoy prices. Benchmark copper on the London Metal Exchange was up 0.8 percent at $5,200 a tonne at 1040 GMT from an earlier $5,230, the highest since Sept. 22. Chile's second-biggest copper...
LONDON, Sept 30- Copper surged nearly 4 percent to hit its highest in a week on Wednesday while nickel touched a two-week peak, as bearish investors closed out positions at the quarter-end and ahead of Chinese holidays. Three-month copper on the London Metal Exchange closed 3.8 percent higher at $5,160 a tonne after touching $5,192, the highest since Sept. 22.
European stocks finished sharply higher Wednesday as equity markets rallied globally at the end of a torrid month.
LONDON, Sept 30- Copper hit the highest in a week on Wednesday while nickel touched a two-week peak as bearish investors closed out positions at the quarter-end and ahead of Chinese holidays. The market also got a boost from a bounce in the shares of hard-hit commodity group Glencore and from news about planned declines in production and inventories that may...
HONG KONG, Sept 30- Famed diamond supplier De Beers expects the value of its sales of the polished jewel in China may rise this year by just over a tenth of 2011' s surge, as the economy that has long bolstered global luxury goods heads for its weakest growth in 25 years. "The bridal business and the gifting business, particularly amongst younger consumers in China, is...
MELBOURNE, Sept 30- London copper edged up on Wednesday as traders took heart from an output cut in Chile and a revival in Glencore shares, but volumes shrank ahead of a week-long break in top consumer China. *Glencore said on Tuesday it was strong enough to ride out current volatility in commodity markets, helping to lift the mining group's shares by a fifth.
SANTIAGO, Sept 29- Chile's second-biggest copper mine Collahuasi, owned by Anglo American Plc and Glencore Plc, is planning to cut output by 30,000 tonnes, and with dozens of jobs on the line the mine's union said it is mulling how it will protest the move. The company did not state how many, but Collahuasi union leader Jose Vergara told Reuters that the company had...
European equities closed in the red on Tuesday, as investors turned negative, despite recoveries in mining, autos and oil prices.
European equities ended sharply lower on Monday as concerns over carmaker Volkswagen and miner Glencore continued to dent investor sentiment.
Glencore saw its shares slip another 29 percent Monday with analysts stressing that the weakness is likely to be felt across the entire sector.
European stocks closed sharply higher on Friday, shaking off the Volkswagen scandal and taking positive sentiment from the Federal Reserve.
European stocks closed sharply lower on Thursday, as the fallout from the Volkswagen emissions scandal caused auto stocks to tumble.
Europe stocks finished marginally higher on Wednesday, as investors digested the latest from Volkswagen and continued to ponder China's economic health.
European stocks ended sharply lower on Tuesday, brought down by autos tanking, mining companies being downgraded and oil prices weighing on sentiment.