Copper Swings on Chinese Inflation Data

Bloomberg reported that copper experienced a volatile trading day, made uneasy by Chinese inflation data.

As quoted in the market report:

The data affirmed traders’ views that the economy isn’t doing well,” Jia Zheng, an analyst at East Asia Futures Co., said by phone from Shanghai. “But it didn’t give any further negative surprises, so copper is likely to drift at this level for a while.

To view the whole Bloomberg report, click here.