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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Copper futures rise amid anticipations from the U.S.

Mar 19, 2012 11:56 AM

Copper futures increased in value on Monday amid anticipations of a brighter economic outlook from the host of the globe's biggest economy, according to Reuters.

Optimism among the U.S. market is trumping worries about China, the globe's top consumer of the industrial metal and the host of the globe's most rapidly developing economy. But one analyst predicted demand from China is likely to come storming back.

"We had a strong high in January and then China got to the new year and it's a traditional seasonal lull (regarding demand) so things calmed down and copper stayed range bound," analyst Andrey Kryuchenkov with VTB Capital told Reuters. "When China comes back, and they will come back, copper is set to benefit. (Also) the U.S. economy is fairly positive, that has helped equities and is good as far as base metals are concerned."

At 12:35 p.m. on Monday, copper futures gained 0.67 percent, a 2.6 cent lift to $3.904 per pound.

Bloomberg reports China and the U.S. are the globe's top two consumers of the reddish metal, which is sensitive to financial and economic developments due to its myriad uses in construction, industry and manufacturing.

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