Copper futures rally to 1-week high after euro zone, China PMI data
Copper futures hit 7-day high after euro zone, China PMI data
In an interview to CNBC-TV18, Rob Dobson of Markit Economics says that global markets are still quite someway off those really low levels. However, there is a much deeper rate of contraction being seen across the euro zone.
China's official purchasing managers' index fell more than expected to 50.4 in May, the weakest reading this year and down from April's 13-month high, in the latest sign that output in the world's second-biggest economy is cooling.
Forex - Dollar broadly lower on EU hopes, China PMI data