Web Sify
Follow us on

News Summary: Copper falls on ECB growth outlook

Source : AP
Last Updated: Thu, Dec 06, 2012 22:45 hrs

: The price of copper fell the most in more than a month after the ECB said that the economies of 17 countries that use the euro will contract next year. It previously forecast a modest expansion. Copper prices, which typically track the outlook for global growth, had risen in recent weeks on the prospect of faster growth in China.

STRONG DOLLAR: A stronger dollar also weighed on the price of copper, analysts said.

ENERGY SLUMPS: Oil and other energy contracts also slid following the ECB's weaker forecast for the European economy.

More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance