EPIC RESEARCH MCX Nickel UPDATE OF 1 November 2018

Posted by Commodity Updates by Epic Research on 11:52:00 with No comments

Nickel trading range for the day is 841-882.6.

* Nickel dropped as China reported slower growth in the manufacturing purchasing managers' index (PMI) for the second straight month in October.

* China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors.

* The China Securities Regulatory Commission said that it would improve market liquidity and encourage more long-term capital into the market.

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