Wednesday 20 January 2016

Today's Mcx Market News for Copper

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Copper settled up 0.72% at 298.75 after China's quarterly economic growth met expectations, calming fears over a deeper than expected slowdown. Official data released earlier showed that China’s economy grew 6.8% in the fourth quarter from a year earlier, the weakest pace of growth since the first quarter of 2009. That was in line with market expectations and down from growth of 6.9% in the previous three months.
Trading Ideas: 
Copper trading range for the day is 294.8-304.8.
Copper prices jumped after China's quarterly economic growth met expectations, calming fears over a deeper than expected slowdown.
Official data released earlier showed that China’s economy grew 6.8% in the fourth quarter from a year earlier, the weakest pace of growth since the first quarter of 2009.

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