London copper inches up
AFP
By our correspondents
July 03, 2015
Melbourne
London copper rose on Thursday as strong US data eclipsed worries about factory growth in Asia, with a jobs report later in the session expected to support the view that the world's biggest economy is gaining steam.
Expansion at US factories was set to buttress copper demand while evidence that China's economy stabilised in June, given Beijing's supportive fiscal measures, was also expected to underpin demand in the second half, said analyst Helen Lau at Hong Kong's Argonaut Securities.
"We expect to see a continuous recovery in copper prices ahead," she said in a note.
Three-month copper on the London Metal Exchange climbed 0.3 percent to $5,792 a tonne by 0716 GMT, after a steady close on Wednesday. Traders are now eyeing an employment report from the U.S. government on Thursday for more cues.
US private employers hired the most workers in six months in June, an ADP National Employment Report showed.
London copper rose on Thursday as strong US data eclipsed worries about factory growth in Asia, with a jobs report later in the session expected to support the view that the world's biggest economy is gaining steam.
Expansion at US factories was set to buttress copper demand while evidence that China's economy stabilised in June, given Beijing's supportive fiscal measures, was also expected to underpin demand in the second half, said analyst Helen Lau at Hong Kong's Argonaut Securities.
"We expect to see a continuous recovery in copper prices ahead," she said in a note.
Three-month copper on the London Metal Exchange climbed 0.3 percent to $5,792 a tonne by 0716 GMT, after a steady close on Wednesday. Traders are now eyeing an employment report from the U.S. government on Thursday for more cues.
US private employers hired the most workers in six months in June, an ADP National Employment Report showed.
-
Blac Chyna Reveals Her New Approach To Love, Healing After Recent Heartbreak -
Royal Family's Approach To Deal With Andrew Finally Revealed -
Super Bowl Weekend Deals Blow To 'Melania' Documentary's Box Office -
Meghan Markle Shares Glitzy Clips From Fifteen Percent Pledge Gala -
Melissa Jon Hart Explains Rare Reason Behind Not Revisting Old Roles -
Meghan Markle Eyeing On ‘Queen’ As Ultimate Goal -
Kate Middleton Insists She Would Never Undermine Queen Camilla -
Japan Elects Takaichi As First Woman Prime Minister After Sweeping Vote -
King Charles 'terrified' Andrew's Scandal Will End His Reign -
Winter Olympics 2026: Lindsey Vonn’s Olympic Comeback Ends In Devastating Downhill Crash -
Adrien Brody Opens Up About His Football Fandom Amid '2026 Super Bowl' -
Barbra Streisand's Obsession With Cloning Revealed -
What Did Olivia Colman Tell Her Husband About Her Gender? -
'We Were Deceived': Noam Chomsky's Wife Regrets Epstein Association -
Patriots' WAGs Slam Cardi B Amid Plans For Super Bowl Party: She Is 'attention-seeker' -
Martha Stewart On Surviving Rigorous Times Amid Upcoming Memoir Release