26.10.2016 - Metals jump on economic optimism
Metals are regaining their luster, a sign the global economy is becoming more resilient that’s helping to boost stocks and currencies of commodity-producing nations. Iron ore surged by the daily limit of 6% on the Dalian Commodity Exchange and rising steel prices in China spurred a rally from aluminum to zinc. Currencies of resource-exporting nations, South Africa and Australia, led gains versus the dollar. The Stoxx Europe 600 Index headed for its strongest close in three weeks as earnings reports fueled optimism about the profitability of the region’s companies. Spanish and Italian bonds outperformed top-rated German bunds as the region’s improving political and economic outlook sapped demand for haven assets.........................................Full Article: Source
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