Copper futures up on China growth hopes, strong US data

Copper futures rose during evening trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal on expectations of strong demand in top consumer China along with positive US economic signals. 

                According to Reuters poll, during the fourth quarter, Chinese economy is expected to grew by a steady 6.7 per cent, the same as in previous three quarters, helped by government spending and record bank lending. 

 

http://ripplesadvisory.com fill our One Days Free Trial For more you can give  One missed call on this no. -9303093093.

At the MCX, copper futures for February 2017 contract is trading at Rs 394.50 per kg, up by 0.14 per cent, after opening at Rs 395.40, against a previous close of Rs 393.95. It touched the intra-day high of Rs 396.90.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.