Euro/Dollar correction over?
24. April 2008
The FTSE 100 index is down by 84 points today, largest one day fall in over five weeks trading at 5999 at 1400 GMT caused by the weakness in banks but also global economic concerns has brought down big commodity stocks. LME metals are mixed today with some profit-taking. Copper opened at $ 8680 but it is down almost $100 amid concerns over the strength of the global economy. The Euro dropped against the Dollar and Yen as German business confidence fell to the lowest in more than two years during April confirming that the U.S. economic slowdown is spreading to Europe, U.S. dollar trading at 1.5698 at 14.17 GMT. Gold is at $ 896.70.
LME Metals 3 Month Prices, 14.27pm GMT| Bid | Offer | |
|---|---|---|
| Copper | $8560 | $8568 |
| Aluminium | $3046 | $3051 |
| Lead | $2760 | $2770 |
| Zinc | $2231 | $2239 |
| Nickel | $28600 | $28700 |
| Tin | $23801 | $2400 |
News Archive
06
Shanghai aluminium is at its lowest in five years ...
25
LME 3M Copper is down to $6911 per tonne. Copper prices fell ...
01
Copper prices fell to $7305 per tonne, the lowest price since ...
08
Aluminium LME 3 month price rocketed on Monday and hit a record ...
16
Base metals climbed to its highest in three weeks on Monday due ...
09
Oil soared more than $16 a barrel in a two-day rally...
03
Crude oil traded above $127 a barrel Tuesday as investors sought to...
08
Oil prices slipped today from record heights on profit-taking...
08
Crude oil fell from a record high and dollar rose to an eight-week high...
07
The dollar firmed a touch overnight after Fed rate setters expressed concern about...
06
U.S. crude oil futures rose to a new record high for a second day on ...
02
Yesterday was downhill for commodities as they fell accross the board...
30
The Fed is expected to reduce the interest rate by quarter-point ...
29
The dollar rose against the euro and near a two-month high against...
28
US light crude set the record high at $119.93 a barrel despite strong dollar...
25
LME metals are under pressure this morning due to ...
24
The FTSE 100 index is down by 84 points today, largest one day fall in over five weeks ...
22
Oil rose to a record high $118 supported by demand from ...
21
Oil is just below $117 a barrel this...
18
China's main stock market tumbled...
17
LME metals are higher this morning...
