By Ryan Vlastelica NEW YORK | Wed May 29, 2013 8:50am EDT (Reuters) – Stock index futures pointed to a lower open on Wednesday, indicating a drop from record highs at the open as investors continued to question the longevity of the Federal Reserve’s stimulus program. Supportive monetary policies from central banks around the world have lifted equity markets…
By Frank Tang NEW YORK (Reuters) – Gold rose two percent on Friday in a rebound rally, boosted as the euro rose against the dollar and as investors covered short positions the session after the metal hit a six-month low and briefly entered bear-market territory. Bullion is heading for a gain of around 10 percent…
“Copper tends to lead other markets. If copper prices are starting to begin another leg lower now — nearly 10 percent in just two days — that’s not just a blip on the radar … it is indicative of investors’ concern about the global economy,” said Adam Sarhan, chief executive of New York-based Sarhan Capital.
“Copper right now is signaling that the global economy might be in for a double dip.”
“Demand seems to be the most important side of the equation for all
capital markets right now due to the fact that you have several concurrent
themes that could drastically cut demand,” said Adam Sarhan, chief
executive of Sarhan Capital.
“If the debt situation is resolved swiftly and there is no demand
destruction in the ramifications of the debt situation, then the focus is
going to shift back to the supply side of the equation, and the strike will
re-emerge as a leading force to drive copper prices.”
Wed Mar 30, 2011 3:20pm EDT * Copper sinks as Chinese demand worries mount * Copper stocks in China, LME warehouses in the spotlight * U.S. copper runs into technical support at 100-day MA * Coming up; Chinese manufacturing data Friday (Recasts, updates with U.S. copper closing, adds graphic, analyst comments and NEW YORK dateline/byline)…