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China turns JP Morgan bullish on copper

Posted on 10 September 2013

Copper’s recent move higher has been driven good manufacturing numbers from China, the US and the UK and surprisingly strong industrial activity in the Eurozone. iStockAnalyst.com quotes a research note from investment bank JP Morgan underscoring the positive momentum in the base metal market and a more robust precious metal picture:
“The strong rebound in J.P. Morgan’s global manufacturing PMI, improving physical demand and our economists’ first upgrade of Chinese growth expectations since February make us turn tactically overweight………………………………………..Full Article: Source


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