Arab Today, arab today copper continues downward trend
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Copper continues downward trend

Arab Today, arab today

Arab Today, arab today Copper continues downward trend

London - Arabstoday

Copper fell for a fourth day in London yesterday, on course for the biggest monthly drop since December 2008, as commodities and equities slid after Standard & Poor\'s cut the US credit rating. Tin reached an 11-month low. Zinc and crude oil paced declines as the S&P GSCI Spot Index of raw materials retreated for an eighth day in nine. The MSCI World Index of shares dropped for an eighth straight session, and futures indicated that US benchmarks will fall when trading starts in New York. Group of Seven and Group of 20 leaders said they are ready to stabilise financial markets. Markets adjusting Article continues below \"The markets are adjusting to the deteriorating economic backdrop that threatens the demand side of the fundamentals for the metals,\" William Adams, an analyst at Basemetals.com in London, said in a report yesterday. Copper for three-month delivery fell $80 (Dh293), or 0.9 per cent, to $8,961 (Dh32,913) a metric tonne by 10.30am yesterday on the London Metal Exchange (LME). Prices reached $8,950 (Dh32,872) the lowest level since June 27, and are down 8.8 per cent in August. LME prices dropped below $9,000 (Dh33,056) a ton for the first time since June 28. Still, they\'re unlikely to fall \"much below $8,500 [Dh31,220],\" said David Thurtell, Singapore-based head of metals research at Citigroup. \"The S&P credit-rating downgrade of the US won\'t have lasting implications for commodity markets,\" he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today copper continues downward trend Arab Today, arab today copper continues downward trend

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today copper continues downward trend Arab Today, arab today copper continues downward trend

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday