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MTECHTIPS:-COPPER
London copper climbed for a second session on Wednesday, pushing further away from twomonth lows as risk appetite improved, but the industrial metal is heading for its weakest month since May as demand from top consumer China stayed sluggish. Euro zone finance ministers will hold a conference call on Wednesday to discuss progress in negotiations of the revised Greek bailout but are not expected to make any decisions yet. Outlook: Copper is expected to trade with positive bias and later take cues from US & Euro zone economic data.
London copper climbed for a second session on Wednesday, pushing further away from twomonth lows as risk appetite improved, but the industrial metal is heading for its weakest month since May as demand from top consumer China stayed sluggish. Euro zone finance ministers will hold a conference call on Wednesday to discuss progress in negotiations of the revised Greek bailout but are not expected to make any decisions yet. Outlook: Copper is expected to trade with positive bias and later take cues from US & Euro zone economic data.
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