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MTECHTIPS:-COPPER
London copper inched lower on Tuesday , recovering to the lowest price in almost eight weeks
tracking weak global equities and Hurricane Sandy. Federal Reserve Bank of Chicago's gauge of
Midwest-region manufacturing showed the sector's output continued to dip in September. Copper
is widely used across industries in products including consumer electronics, wiring and piping, making market prices sensitive to such data. Outlook: Copper is expected to trade with negative bias
and later take cues from US economic data( US S&P Home price Index & Consumer confidence)
London copper inched lower on Tuesday , recovering to the lowest price in almost eight weeks
tracking weak global equities and Hurricane Sandy. Federal Reserve Bank of Chicago's gauge of
Midwest-region manufacturing showed the sector's output continued to dip in September. Copper
is widely used across industries in products including consumer electronics, wiring and piping, making market prices sensitive to such data. Outlook: Copper is expected to trade with negative bias
and later take cues from US economic data( US S&P Home price Index & Consumer confidence)
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