Copper Jumps to Five-Week High on European Manufacturing

Bloomberg reported that copper rose to a five-week high in New York on Wednesday, pushed ahead by better than expected data out of the European manufacturing sector.

As quoted in the market report:

Prices are slightly firmer after the often-neglected euro zone displayed some manufacturing growth, led by Germany,” Michael Turek, a senior director at Newedge Group SA in New York, said by e-mail. “This tended to more than offset the disappointing data out of China.

To view the whole Bloomberg report, click here.