Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Copper Cracks Under Pressure

Oil's not the only commodity struggling.

SYDNEY, Jan 14 (Reuters) - Concerns about the global economy battered commodities and kept Asian equities subdued on Wednesday, while the euro was pinned near nine-year lows as investors bet the European Central Bank was just a week away from launching a new stimulus campaign. Copper futures suddenly plunged 6.3 percent to $5,489 a tonne as major chart support cracked. The industrial metal is often considered a weathervane of world demand.

http://www.reuters.com/article/2015/01/14/markets-global-idUSL3N0US5L820150114
Sign In or Register to comment.