Melbourne
London copper edged up on Friday but was still eyeing its biggest weekly drop since early May as markets priced in a higher U.S. interest rate environment that would support the dollar.
London Metal Exchange copper rose by half a percent to $5,690 a tonne by 0230 GMT, paring small losses from the previous session. Copper is still down 2.1 percent for the week. Shanghai Futures Exchange copper was flat at 45,650 yuan ($6,702) a tonne. In other metals, zinc and nickel climbed more than 1 percent, trailing steel, after China´s government said it was beating its targets for capacity closure. Chinese steel futures rose sharply for a third day in a row on Friday, supported by government efforts to tackle a glut, even as the outlook for demand in the world´s top steel consumer may not be too promising, particularly from its property sector.
A Nestlé office seen in this undated image.—The News/File LAHORE: Nestle Pakistan has released its 2023 Creating...
An undated image of a gold set displayed at a jewellery store. — AFP/FileKARACHI: Gold prices increased by Rs2,500...
Institute of Chartered Accountants of Pakistan building seen in this undated photo. — Business Recorder/FileKARACHI:...
A representational image of the SECP logo. — X/@SECPakistan/FileISLAMABAD: The Securities and Exchange Commission of...
A representational image showing farmers harvesting wheat crops in a field. — AFP/FileISLAMABAD: The Federation of...
A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. — AFPNew York:...