16.12.2015 - Copper drops as China-led commodity rout seen deepening
Copper futures dropped the most in five weeks on concern the metals rout may deepen on slowing demand in China, the world's biggest user. Continued concern over China's economy, coupled with a stronger greenback as the Federal Reserve moves to raise US interest rates, will make it difficult for commodities to rebound, Stephen Roach, a senior fellow at Yale University and former non-executive chairman for Morgan Stanley in Asia, said in a Bloomberg Television interview in Hong Kong on Tuesday. Fed policy makers start a two-day meeting on Tuesday. The Bloomberg Industrial Metals Subindex is trading near the lowest since 2004 as China's slowest expansion in a generation cuts demand...............................................Full Article: Source
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