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Reuters reported that copper cut losses as market sentiment improved after U.S. jobs data lessened recession worries and after the German parliament approved a good rescue fund for the euro zone.
Reuters reported that copper cut losses as market sentiment improved after U.S. jobs data lessened recession worries and after the German parliament approved a good rescue fund for the euro zone.
The market news is quoted as saying:
Data showed that the number of Americans claiming new unemployment benefits fell to a five-month low last week, while the U.S. economy grew slightly more than previously reported in the second quarter, offering the latest suggestions that a recession was not on the cards.
Germany’s approval of the beefed-up bailout fund with stronger support than expected in the Bundestag (lower house of parliament) also provoked relief in markets worried about Berlin’s commitment to resolving the debt crisis.
