METALS- London Copper dips in cautious trade ahead of key data.
Copper prices in London eased slightly on Wednesday, as traders and investors exercised caution ahead of the release of key economic data in China and in the United States.
The dollar index was almost unchanged from its previous close, as traders were cautious ahead of a slew of key U.S. economic data to be released later in the week, which could give further hint to how interest rates will move.
Metals industry players were also eyeing manufacturing data from China, due on Thursday and Friday, to determine how demand for metals might improve and whether the government would pump more support into its economy.
|ADP Non-Farm Employment Change||5.45 PM||194K||324K|
|Prelim GDP q/q||6.00 PM||2.40%||2.40%|
|Prelim GDP Price Index q/q||6.00 PM||2.20%||-87.8B|
|Goods Trade Balance||6.00 PM||-90.0B||117|
|Prelim Wholesale Inventories m/m||6.00 PM||0.20%||-0.50%|
|Pending Home Sales m/m||7.30PM||-0.80%||0.30%|
|Crude Oil Inventories||8:00pm||-2.2M||-6.1M|
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