日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Top Biz News

Copper rises on positive US data

(China Daily)
Updated: 2010-02-04 10:48
Large Medium Small

SINGAPORE: Shanghai copper rose 2.8 percent yesterday and London metal extended gains, after the latest batch of positive US data, this time existing home sales, helped soothe jangled investor nerves.

Pending sales of previously owned US homes edged up as expected in December, a survey showed, allaying some fears of renewed weakness in the troubled sector. That came on the heels of a string of positive GDP and manufacturing numbers since Friday.

"The numbers are good, but we need a little more consistency. The pattern has been for a string of positive numbers followed by one or two poorer indicators," a dealer in Hong Kong said.

"We are holding our breath now ahead of the payrolls report at the end of the week. There is a sense that payrolls may finally reverse their long decline. But if we see another big drop the budding confidence the market is feeling will shatter."

The median forecast for nonfarm payrolls is for an increase of 5,000 after an unexpected 85,000 drop in December. A rise would be only the second increase since December 2007.

Three-month copper on the London Metal Exchange rose $75 to $6,895 a ton by 0715 GMT, recovering after it hit $6,600 on Monday, its lowest since mid-November, having tumbled as much as 15 percent in the previous three weeks.

"We finally got the much talked of pre-Lunar New Year sell-off, but the Chinese are still not buying much because they will be shut for a week," said Nirrav Sharma of G-Steelmet, a Singapore-based trading house.

Related readings:
Copper rises on positive US data Copper drops amid tightening concerns
Copper rises on positive US data Copper loses gleam as greenback rallies
Copper rises on positive US data Yunnan Copper forecasts profit turnaround in 2009
Copper rises on positive US data 
Policy fears weigh on copper prices

"In reality, we are seeing an adjustment - some funds are exiting, creating opportunities for others to get in. People are calling for the market to trade between $6,700 to $7,000 for a while."

Benchmark third-month Shanghai copper rose 1,540 yuan by the close to 55,820 yuan.

Southern Copper Corp, one of the world's largest copper producers, said it sees average copper prices at $3.25 per pound ($7,165 a ton) in 2010, as it expects emerging and developed economies to boost demand for the metal.

"We believe that inventories of copper will start to die off during the year, reversing the last month's trend," Southern Copper's Chief Financial Officer Genaro Guerrero said on a conference call with investors.

Reuters

Copper rises on positive US data

 

主站蜘蛛池模板: 在线观看黄色av网站 | 午夜黄色一级片 | 国产精品成人一区二区网站软件 | 久久国产精品-国产精品 | 成人免费大片黄在线播放 | 看av的网址 | 黄色在线免费观看 | 免费一级特黄特色大片 | 五月婷婷激情视频 | 久久天天综合 | 国产精品欧美日韩 | 日本欧美在线观看 | 日韩高清国产一区在线 | 黄色在线免费网站 | 99热免费观看 | 日韩在线视频二区 | 国产精品第 | 国产一级精品视频 | 成人3d动漫一区二区三区91 | 成年人在线播放 | 亚洲国产精品成人综合色在线婷婷 | 欧美精品久久久久久久久老牛影院 | 色综合久久久久 | 欧美理论片在线观看 | 69xxx免费| 亚洲天堂男人网 | 国产区二区 | 三级色网| 午夜999| 欧美一区二区在线视频 | 青春草久久 | 日韩免费精品视频 | av集中淫| 欧美xxx视频| 一区二区三区亚洲 | 久久在线视频 | 亚洲成人免费影院 | 一区二区免费 | 精品欧美乱码久久久久久 | 国产日韩精品一区 | 生猴子在线观看免费视频 |