Copper Rises Most in Four Weeks as Japan Plans to Buy European-Aid Bonds
Investing News Network - January 11th, 2011
Bloomberg reports that Copper futures rose the most in four weeks after Japan said it will buy bonds issued by Europe’s financial-aid funds.
Bloomberg reports that Copper futures rose the most in four weeks after Japan said it will buy bonds issued by Europe’s financial-aid funds.
The market news is quoted as saying:
Japan is joining China, the world’s biggest copper user, in aiding Europe after escalating sovereign debt led to bailouts of Ireland and Greece. Concern that the crisis might derail economies, harming usage of commodities, weighed on copper in 2010’s second quarter. European and U.S. equities climbed today.