The Conversation (0)
Copper Futures Decline on Weak Chinese and Japanese Economic Data
Dec. 08, 2014 08:42AM PST
Base Metals Investing Copper for March delivery lost 1.3 cents to trade at $2.89 per pound on Monday, according to NASDAQ.
Copper for March delivery lost 1.3 cents to trade at $2.89 per pound on Monday, according to NASDAQ.
As quoted in the publication:
Data released earlier showed that China’s exports climbed 4.7% from a year earlier in November, missing expectations for a 7.9% increase, while imports fell 6.7%, compared to forecasts for a gain of 3.5%.
Separately, revised data showed that Japan’s economy shrank by an annualized 1.9% in the third quarter, more than the preliminary estimate of a 1.6% decline.
