EPIC RESEARCH MCX COPPER UPDATE OF 4 JULY 2016
Posted by Unknown on 13:04:00 with No comments
Copper trading range for the day is
322.2-340.8.
Copper gained as prices got support from a weaker dollar and hopes for more stimulus in China.
Data showed that China’s Caixin manufacturing purchasing managers’ index fell to 48.6 in June from 49.2 the previous month, compared to expectations for a downtick to 49.1.
Data showed ShFE inventories rose for the first time in nearly two months.
Copper gained as prices got support from a weaker dollar and hopes for more stimulus in China.
Data showed that China’s Caixin manufacturing purchasing managers’ index fell to 48.6 in June from 49.2 the previous month, compared to expectations for a downtick to 49.1.
Data showed ShFE inventories rose for the first time in nearly two months.
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