Positive U.S. Manufacturing Data Kicks Copper up to Two-Month High

Bloomberg reported that copper showed some strength on Monday, reaching a near two-month high, on positive manufacturing data from the U.S., suggesting that demand may be picking up.

As quoted in the market report:

The U.S. numbers are bullish for copper,” Michael Smith, the president of T&K Futures & Options in Port St. Lucie, Florida, said in a telephone interview. “Data out of the U.S. is helping allay some concern in the market that is plagued with worries about China.

To view the whole Bloomberg report, click here.