LIVE FUTURES REPORT 27/11: LME base metals absorb trade-deal news in lackluster morning’s trade

Base metals traded lower in the morning session on the London Metal Exchange on Wednesday November 27, shrugging off any residual positive sentiment from the renewed US-Sino trade-talk optimism that led the Dow Jones index to fresh highs yesterday.

“Wall Street closed at fresh highs yesterday, as both the United States and China spoke positively that a phase one limited trade deal is imminent. China’s Commerce Ministry [commented that] ‘both sides discussed resolving core issues of common concern’,” John Browning of BANDS Financial said in a morning note.

While three-month base...

Published

Amy Hinton

November 27, 2019

10:40 GMT

London