While you were sleeping: Wall St rises, copper climbs

Wed, 27 Dec 2017

By Margreet Dietz Dec. 28 (BusinessDesk) - Wall Street crept higher, as did US Treasuries, while copper climbed to the highest level in nearly four years. Copper rose as China ordered its top producer, Jiangxi Copper, to halt output to ease winter pollution, underpinning the metal’s rally fuelled by optimism about the worldwide economic outlook, Bloomberg reported. Copper for delivery in three months rose as high as US$7,259 a metric tonne on the London Metal Exchange. “The China shutdown news is certainly propping up copper further...

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