Welcome, Guest Login | Signup | Portfolio | Bookmark | Contact
Markets

Symbol Name
Click for Symbol Help




Copper Falls on European Austerity Concern: Commodities at Close

Bloomberg - May 8, 2012

Copper Falls on European Austerity Concern: Commodities at Close
By Nicholas Larkin - May 8, 2012 12:10 PM ET Facebook Share LinkedIn Google +1 0 Comments
Print QUEUEQ
The Standard & Poorís GSCI gauge of 24 commodities declined 1.1 percent to 645.33 at 5:01 p.m. in London. The UBS Bloomberg CMCI index of 26 raw materials was down 0.9 percent at 1,522.344.

BASE METALS:

Copper fell the most in almost five weeks in New York after elections in France and Greece fueled concern that austerity efforts aimed at stemming the regionís debt crisis will be derailed, dimming the outlook for demand.

Copper futures for July delivery dropped 2.8 percent to $3.667 a pound on the Comex in New York, retreating for a fourth session in five. A close at that price would mark the biggest decline since April 4.

On the London Metal Exchange, copper for delivery in three months slumped 1.2 percent to $8,078 a metric ton ($3.67 a pound). The LME was closed yesterday for a public holiday. Aluminum, tin, zinc, lead and nickel slid in London.

Read Full Article from Bloomberg

- Posted: 2012-05-08 11:51:06


 More Stock Investor Place Top Stories  
Anglo platinum arm sheds 14,000 jobs, risking unrest
Apple falls below $500
US retail sales rose 0.5 percent in December, led by autos, furniture and clothing sales
Recovery in U.S. Saving 8 Million Underwater Homeowners
Facebook shares rise in buildup to mystery event, earnings

 Stock Investor Place Top Stories Archive
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008















Featured Companies | My Place | News | Markets | Big Board | Blogs | Products & Services

Copyright 2017 Stock Investor Place Inc. All Rights Reserved.
Disclaimer - Terms of Use - Privacy Policy - Advertise