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Copper Advances as U.S. Retail Sales Indicate Economic Rebound
Copper climbed in New York and London, ending a four-day losing streak, after stronger-than- expected U.S. retail sales added to signals of an economic rebound.
Mining Market, Tradding and Stocks Gain in UK Reported
U.K. mining stocks advanced, led by BHP Billiton Ltd. and Antofagasta Plc, on higher metal prices.
Lloyds TSB Group Plc led bank shares lower after Goldman, Sachs & Co. lowered earnings outlooks for U.K. banks.
The benchmark FTSE 100 Index dropped 22, or 0.4 percent, to 5,893.9 at 11:34 a.m. in London. The FTSE All-Share Index fell [...]
Oil, Gold Bottom on China-Led Rebound, U.S. Trust, Goldman Say
Oil, gold and copper have bottomed in the last three weeks and may lead a rebound in the commodities markets, say a growing minority of strategists.
“We are positioning for an upturn,” said Michael Hoover, who manages $475 million at U.S. Trust Co.’s Excelsior Energy and Natural Resources Fund, which gained an average 20 percent a [...]
