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Commodity News Details
Weak Risk Appetite Hurts Copper
19-Jul-2024 18:08
COMEX Copper futures stayed slippery today, adding to recent wave of losses amid sustained Chinese demand worries and elevated LME inventories. The metal is currently down 0.48% at $4.25 per pound, not far from its four month low. Meanwhile, in Asia, China's Shanghai Composite index added 0.17%. Hong Kong's Hang Seng index lost 2%. Japan's Nikkei 225 index eased 0.16%. European stocks stayed weak. German DAX index crashed 0.74% while French CAC dipped 0.50%. UK's FTSE100 dipped 0.45%. US stocks fell amid a highly volatile movement. Heavy losses were seen in the indices and with the downward move, the Nasdaq and the S&P 500 added to the steep losses posted in the previous session.

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