Copper Rises as Global Recovery Hopes Fuel Sentiment

HANOI, April 19 Reuters Copper prices advanced on Monday as rampedup vaccine rollouts and more countries easing lockdowns boosted hopes of a steady global economic recovery and higher demand for metals. Threemonth copper on the London Metal Exchange was up 1.9 at 9,384 a tonne by 0729 GMT, while the mosttraded June copper contract on […]
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Oil Edges Lower as Rising Infections Stir Demand Worries

Oil futures lost ground Monday, with weakness tied in part to concerns over the demand outlook as COVID19 infections outside the U.S. continued to rise. West Texas Intermediate crude for May delivery fell 10 cents, or 0.2, to 63.03 a barrel on the New York Mercantile Exchange. June Brent crude the global benchmark, was off 10 cents, […]
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Covid Will Leave Deep Scars in World Economy

Just as some patients recovering from Covid19 suffer longlasting symptoms, its becoming clear that the same will be true for the global economy once this years Vshaped rebound fades. While 26 trillion worth of crisis support and the arrival of vaccines have fueled a faster recovery than many anticipated, the legacies of stunted education, the […]
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Gold Pulls Back after Biggest Weekly Rise since December

Gold futures contracts were under pressure Monday, easing back after posting their biggest weekly climb since December. Gold is looking for direction at present, said Jeff Wright, chief investment officer at Wolfpack Capital, with no one strong moverinfluencing or driving prices. The short covering from last week is over for now and gold is seeking […]
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AUD, NZD Hit by Weakness in Oil, Commodities

SYDNEY, April 19 Reuters The Australian and New Zealand dollars started the week slightly lower on Monday, tracking losses in oil and copper as COVID19 infections rise globally, and in spite of bullish sentiment in broader Asian equities markets. The resourcesensitive Australian dollar recovered to stand around flat at 0.7735 at midday, reversing morning losses […]
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European shares inch to record highs on recovery optimism

European stocks inched higher on Monday, extending their recordsetting rally, as optimism about a solid start to the earnings season offset a worrying resurgence in COVID19 cases globally. The panEuropean STOXX 600 index rose 0.1 after marking its seventh straight week of gains on Friday, while an index of euro zone shares rose 0.1 to […]
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