OctaFX | OctaFX Forex Broker
Open trading account

Copper inventory rises, Nickel fell from six-week high

FXStreet (Mumbai) - The daily inventory data released by the London Metal Exchange (LME) today showed a rise in the inventory levels of Copper and Nickel. Meanwhile, the inventory levels of Aluminium, Zinc, and Lead declined.

Aluminium inventory decreased by 5875 tonnes today, while Nickel inventory increased by 2466 tonnes. Copper inventory rose by 1025 tonnes, while Zinc inventory and Lead inventory declined by 2775 tonnes and 50 tonnes respectively.

Nickel fell from six-week high on the LME as the metals erased the gains witnessed on Friday in response to China’s interest rate cut. Nickel fell as much as 1.2%, while Copper fell 0.3%.

New record lows for European sovereign yields

European bond yields have sunk to new record lows this morning. French 10-year government bonds broke to new record lows this morning, hitting 1.100 percent before being bought back up to a still-low 1.118 percent.
Read more Previous

Yen has been oversold for ages – SG

“Yen has been oversold for ages “says Kit Juckes, Global Head of Currency Research at Societe Generale, as he sees the trends of - a slowly appreciating dollar, a weaker yen, euro and pound - to continue.
Read more Next
Start livechat