While you were sleeping: Copper continues ascent

Thu, 28 Dec 2017

By Margreet Dietz Dec. 29 (BusinessDesk) - Wall Street moved higher as did commodities, notably copper, as investors bet on sustained demand for the metal amid an upbeat outlook for the global economy and corporate profits. Copper is on course for the longest winning streak since 1989, topping US$7,300 a metric tonne in London, according to Bloomberg. “We expect this bullish sentiment to continue into 2018 on the basis of the stronger global demand,” Naeem Aslam, the chief market analyst at Think Markets UK, told Bloomberg. A dip...

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