19.10.2016 - Nickel Leads Gains in Industrial Metals as Chinese Credit Surges
Nickel led gains in industrial metals as a surge in new credit in China pointed to a stabilizing economy in the world’s biggest commodities buyer. Aggregate financing of 1.72 trillion yuan ($255 billion) in China last month exceeded a median estimate of 1.39 trillion yuan in a Bloomberg survey. Metals also advanced as the dollar weakened, making materials priced in greenbacks cheaper for buyers using other currencies.......................................Full Article: Source
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