Copper Pulls Back to Three-Week Low Ahead of Weak Chinese Data

Reuters reported that copper dropped nearly 2 percent on Tuesday in London, as anticipation of poor manufacturing data from China dampened the metal’s prospects.

As quoted in the market report:

Investor sentiment turned negative on expectations that activity in China’s vast manufacturing sector may have contracted in July for the first time in 10 months, a Reuters poll showed.

To view the whole Reuters report, click here.