Copper hits six-week high on demand hopes

Copper hits six-week high on demand hopes

Copper bounced to its highest in about six weeks as investors hoped that easing of lockdowns and factory restarts would revive metals demand hit by the coronavirus pandemic. Industrial metals prices rose along with stock markets, which also took heart from further...
Copper hits six-week high on demand hopes

Oil crash hits stocks, US dollar gains

Global stocks fell on Tuesday, a day after US crude oil prices turned negative for the first time, as dismal company earnings reports underlined worries about economic damage from the coronavirus pandemic. The US dollar rose against a basket of peers as investors...
Copper hits six-week high on demand hopes

Wall St slides as crude slump hits energy

A slide in energy stocks has weighed on Wall Street as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak. The S&P 500 energy index has shed 2.8 per cent...
Copper hits six-week high on demand hopes

Japan exports slump as virus hits demand

Japan’s exports have slumped the most in nearly four years in March as US-bound shipments, including cars, fell at the fastest rate since 2011, highlighting the damage the coronavirus pandemic has inflicted on global trade. Monday’s bleak data underscored...
Copper hits six-week high on demand hopes

Copper dips as recession fear hits markets

Copper has fallen as moves by China’s central bank to bolster the economy were overshadowed by predictions of a deep global recession, which drove down stock markets and oil prices. Copper, used in power and construction, has tumbled from above $US6,300 a tonne...