16.02.2016 - Base metals higher on China stimulus bets
Copper and nickel rose as hopes for more stimulus measures resurfaced after Chinese traders, returning from a week-long holiday, digested worse-than-expected trade data. Also helping the metals, oil held on to recent gains, while China's central bank fixed the yuan at a much stronger rate. A stronger yuan reduces the risk that China will export deflation to the world. "There's a sense of calm. The (China) trade stats ... may be ... fuelling hopes for more stimulus that will bolster demand," said Societe Generale analyst Robin Bhar...............................................Full Article: Source
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