LIVE FUTURES REPORT 18/04: LME base metals prices suppressed while dollar strengthens; only Al gains

Bearish sentiment on LME-traded base metals pervaded the market throughout trading on April 18 with the majority of the complex continuing to trade down at the end of the trading day.

Pessimism continued to mount on the back of weak European PMI data throughout the day’s trading, dissipating any of the previous day’s bullish sentiment on the basis of positive Chinese economic data. Suppressed appetite to the base metals was only reinforced by a strengthening dollar index which rose by 0.38% to 97.39 boosted by the Dow Jones, S&P and NASDAQ...

Published

Amy Hinton

April 18, 2019

17:39 GMT

London