Copper Enjoys Strong Week With Boost From Fed, China Demand
- ‘Macro conditions are turning positive’: Cofco Futures analyst
- Metal market scenario in China shows signs of improvement
Molten copper.
Photographer: Oliver Bunic/BloombergThis article is for subscribers only.
Copper rose to a two-month high to cap a strong week for metals, helped by the Federal Reserve’s half-point rate cut.
Base metals have advanced with other global risk assets after Fed Chair Jerome Powell kicked off the bank’s easing cycle on Wednesday, while US jobless data reinforced expectations of a soft landing for the world’s biggest economy.