Copper drags on virus resurgence fears

Copper drags on virus resurgence fears

Copper prices eased overnight on fears of a second wave of coronavirus infections in top metals consumer China and in South Korea. New infections have been reported in the last two weeks in Chinese cities including Wuhan, the epicentre of the first wave, and in South...
Copper drags on virus resurgence fears

Stocks fall on renewed virus fears

Stocks and oil prices have fallen as fears about a second wave of coronavirus infections gripped financial markets. Investors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have also had to contend with renewed...
Copper drags on virus resurgence fears

Oil falls on fears of second virus wave

Oil prices fell overnight as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses. Brent crude futures lost $US1.37, or 4.4 per cent, to settle at $US29.60 a...
Copper drags on virus resurgence fears

US stocks slip on fears of new virus wave

The S&P 500 and Dow Jones indexes have retreated after last week’s rally, as investors worry about a second wave of coronavirus infections with the reopening of several economies. Germany and South Korea reported a surge in new COVID-19 cases on Sunday, in...
Copper drags on virus resurgence fears

Oil slips as demand fears erase bounce

Oil prices slipped overnight as global supply and demand worries erased earlier gains seen from an increase in Saudi Arabia’s official crude selling price and a surprise rise in Chinese exports last month. Brent futures fell 26 cents, or 0.9 per cent, to settle...