Base Metals

Reuters reported that Glencore is widely expected to agree to Chinese concessions in order to complete the Xstrata takeover.

Reuters reported that Glencore is widely expected to agree to Chinese concessions in order to complete the Xstrata takeover.

As quoted in the market report:

Trader Glencore is expected to agree to concessions this week to ease Chinese worries over its grip on the supply of copper, clearing the final regulatory hurdle in its $32 billion acquisition of miner Xstrata.

To view the whole Reuters report, click here. 

MARKETS

Markets
TSX20269.97+89.37
TSXV669.57-8.93
DOW34152.01+239.57
S&P 5004305.20+8.06
NASD13102.55-25.50
ASX7105.40+41.10

COMMODITIES

Commodities
Gold1775.21-0.26
Silver20.10-0.02
Copper3.62-0.01
Palladium2154.00+9.00
Platinum935.50+1.50
Oil86.58+0.05
Heating Oil3.44-0.01
Natural Gas9.34+0.01

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