Copying and distributing are prohibited without permission of the publisher
LME OFFICIALS: Base metals prices up on strong European indicators
July 24, 2013 - 15:00 GMT
Base metals prices strengthened in official trading on the London Metal Exchange on Wednesday July 24, on a weaker dollar and bullish manufacturing indicators in Europe.
The dollar was trading at about 1.325 to the euro in early
trading, from about 1.318 on Tuesday, while European purchasing
managers' indexes (PMIs) saw unexpected growth. "Euro-area PMIs
have improved modestly over the past couple of months and the
'flash' readings for July showed improvement again today," a
broker said in a note. "The upside surprise was the
manufacturing PMI which came in above 50, signalling
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 15 years of intelligence. Start your subscription today.
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.