Copper, Iron Ore Fall After China Politburo Readout Underwhelms

Copper edged lower along with iron ore, after a policy readout from a top Chinese leadership meeting underwhelmed investors.

China vowed to implement forceful macroeconomic policies to shore up the biggest metal-consuming economy at its latest Politburo meeting, including a more proactive fiscal agenda and a moderately loose monetary policy, according to the official Xinhua News Agency. Still, the readout didn’t provide details of any large-scale stimulus measures, causing prices to reverse earlier small gains made in Asia on Wednesday.