Copper Slides to Eight-Week Low After More Soft Data From China

London Metal Exchange News

Copper Slides to Eight-Week Low After More Soft Data From China
BloombergChinaCopper
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(Bloomberg) -- Copper added to four straight weeks of declines after economic data from China highlighted continued weak spots in the metal’s biggest...

-- Copper added to four straight weeks of declines after economic data from China highlighted continued weak spots in the metal’s biggest market.Danes Asked to Keep Supplies, Iodine Pills to Prepare for Crises Copper fell 0.9% to $9,655 a ton by 2:42 p.m. in Shanghai, heading for its lowest close on the London Metal Exchange in two months. The world’s second-biggest economy released figures on Monday that bolstered concerns over a disappointing demand recovery.

Copper hit a record above $11,000 just last month, but has rapidly retreated due to worries about rising global inventories and signs of weakness in China. Metals also came under pressure last week as the Federal Reserve dialed back expectations for rate hikes. Amidst a backdrop of global economic fluctuations and regional uncertainties, the Hong Kong market has shown resilience, making it an intriguing area for investors looking for dividend yields. In this context, selecting stocks that not only offer high yields but also demonstrate stability and strong fundamentals becomes crucial.

It is hard to get excited after looking at BP Plastics Holding Bhd's recent performance, when its stock...Donald Trump issued an angry and confrontational Father’s Day message Sunday, using the occasion to lash out at his enemies and issue a hyperbolic plea for votes in November’s presidential election.

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