7/17/2012 02:26:00 PM
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- Bernanke's report awaited for stimulus hints
- Stimulus bets push U.S. govt bond yields to record lows
- China June refined copper output up 11.6 pct on year
- Shanghai Nov copper closes down, off 2-mth high
- Coming Up: June U.S. industrial output mm; 1315 GMT
Copper Live News
London copper rose on Tuesday, supported by hopes of more monetary stimulus from the U.S. Federal Reserve after weak retail sales data added to evidence the world's largest economy was slowing.Investors are awaiting Fed Chairman Ben Bernanke's Congressional testimony for clues on whether the central bank will launch further easing measures to shore up the economy.
Three-month copper on the London Metal Exchange inched up 0.2 percent to $7,705 per tonne by 0734 GMT, after falling slightly by 0.1 percent in the previous session.
With Bernanke starting his report tonight, investors are cautiously optimistic of more quantitative easing by the Fed and these sentiments are supporting base metal prices.
In Indian Coommodity Market - MCX, Copper is slightly up by 0.30% and seems to be good for buy today.
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