Copper Falls on U.S. Jobless Claims, China Wealth-Product Rule
This article is for subscribers only.
Copper fell to the lowest in more than a week after U.S. jobless claims rose and China tightened rules on wealth-management products, spurring concern that demand in the two biggest global metals users will slow.
First-time filings for U.S. unemployment benefits rose to the highest in more than a month, a government report showed today. China’s benchmark stock index fell to a three-month low on concern the new rule will curb financing.