***WIDMER ON METALS***

21 May 2008 11:48

Analyst Michael Widmer looks at what is moving the metals markets on Wednesday. LME: We see no clear trend for many of the base metals at the moment and believe it likely that prices will continue to drift in the near future. Nevertheless, for the medium-term we continue to believe that aluminium and copper should strengthen. Inflation threats remain a focal point for the market, which is one reason why uncertainty over the direction of the European Central Bank’s next interest rate move does not abate. A German government advisor said yesterday that the ECB could be raising interest rates “in the near...


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