FE Today Logo

Copper slips as greenback gains

October 17, 2018 00:00:00


LONDON, Oct 16 (Reuters): Copper prices slid on Tuesday on a stronger dollar, lean factory-gate inflation in China and nagging concerns about global growth, trade tensions and rising US interest rates.

The dollar edged higher on firmer US treasury yields while Chinese stocks fell after data showed factory-gate inflation in the world's top copper consumer had cooled for a third straight month in September.

A degree of calm returned to global stock markets amid a rebound in Italian bonds and stocks, though caution prevailed given tensions with Saudi Arabia, trade worries and concerns over a global growth slowdown.


Share if you like