London Copper Falls after China and France Factory Data

  • Monday, September 24, 2012
  • Source:

  • Keywords:London Copper
[Fellow]
[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.
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