Monday, 4 April 2016

Copper News Update By MarketMagnify

Copper futures retreated during noon trade in the domestic market on Monday tracking a bearish global trend as robust US jobs data for March raised concerns that the US Federal Reserve may hike interest rates in the near-term while worries over the demand outlook from China, the world’s biggest metals consuming nation, remained. 

The US economy added 215,000 jobs in March, compared to a revised 245,000 in February, and topping analysts’ estimates of 205,000 while wages picked up, a sign that the labour market recovery in the world’s biggest economy remains on a strong footing in the face of a global slowdown. 

At the MCX, Copper futures for April 2016 contract were trading at Rs. 316.80 per 1 kg, down by 0.55 per cent, after opening at Rs 318.45, against the previous closing price of Rs 318.55. It touched the intra-day low of Rs. 316.45.


MarketMagnify Is a leading Commodity Advisory Company In India.We are Providing MCX TIPS ,BULLIONS TIPS , INTRADAY TIPS on mobile with 90-95% accuracy level.

2 comments:

  1. Copper trading tips given by you are awesome. Epic Research provides beneficial trading tips for investment in base metals.

    ReplyDelete
  2. Shares of Infosys Ltd fell as much as 4.6 percent on Monday to a near three-year low, slumping for a second consecutive session, after brokerages including Nomura downgraded the stock following the resignation of its chief executive.capitalstars

    ReplyDelete