Copper Futures Rally as Economic Recovery Strengthens
Investing News Network - January 21st, 2011
Bloomberg reports that Copper rebounded from the biggest drop in two months on signs that the global economic recovery will strengthen.
Bloomberg reports that Copper rebounded from the biggest drop in two months on signs that the global economic recovery will strengthen.
The market news is quoted as saying:
Business confidence in Germany unexpectedly climbed to a record in January, while French business sentiment advanced to a three-year high. China’s economic expansion accelerated by 9.8 percent in the fourth quarter compared with 9.6 percent in the previous three-months. In the U.S., applications for jobless benefits fell more than forecast, and the index of leading indicators topped estimates.