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
|