Copper inches higher on Europe stimulus

Copper inches higher on Europe stimulus

Copper prices rose overnight towards 2-1/2 month highs reached in the previous session as the European Central Bank and German government announced big stimulus packages and US data showed unemployment growth slowing sharply. Benchmark copper on the London Metal...
Copper inches higher on Europe stimulus

Gold gains 1% as Wall Street rally fizzles

Gold rose more than 1 per cent on Thursday as the dollar retreated and Wall Street paused its recent rally as dismal US trade data overshadowed slightly upbeat labor market numbers and optimism about an economic rebound. Spot gold was up 1.3 per cent to $US1,719.42...
Copper inches higher on Europe stimulus

Oil prices steady as market waits on OPEC+

Oil prices were little changed in choppy trade overnight as investors awaited a decision from top crude producers on whether to extend record output cuts. The Organisation of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+,...
Copper inches higher on Europe stimulus

Shares to slip early after US rally ends

Shares on the Australian market are poised to slip in early trade after US investors ended a string of days of consecutive days. The SPI 200 futures contract was down 14 points, or 0.23 per cent, to 5,986.0 at 0716 AEST on Friday, indicating losses early. In the US...
Copper inches higher on Europe stimulus

Nasdaq rises as other US indices dip

A rally in tech shares has driven the Nasdaq index higher, with US weekly jobless claims dipping below 2 million for the first time since mid-March bolstering optimism around an economic rebound from the coronavirus-driven slump. The NYSE FANG+TM Index, which includes...