[Ferro-Alloys.com] Reuters reported that London copper fell after data from top consumer China showed manufacturing activity continued to contract while prices came under more pressure as a poor reading from France pushed the euro down against the dollar.
Manufacturing in China contracted for an 11th month in a row in September, according to a private sector survey of factory managers that indicated the world's second largest economy remains on track for a seventh quarter of slowing growth.
French business activity tumbled at its fastest rate since April 2009 raising worries of a deepening recession and pushing the euro down, although a German private sector contraction eased in September.
Manufacturing in China contracted for an 11th month in a row in September, according to a private sector survey of factory managers that indicated the world's second largest economy remains on track for a seventh quarter of slowing growth.
French business activity tumbled at its fastest rate since April 2009 raising worries of a deepening recession and pushing the euro down, although a German private sector contraction eased in September.
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:editor]
Tell Us What You Think