Copper Market

2010-03-11 - 

Copper today - Big Fat Greek Bail Out

Copper today - Big Fat Greek Bail Out

Greece at the brink of state bankruptcy? The markets at least are judging Greece's mountain of debt with increasing scepticism and accordingly the Euro was under significant pressure against the US dollar. The looming wave of speculation against the single currency will force the core Euro countries to help Greece. Against this background, copper and the Euro were able to recover slightly and the readiness of investors to accept risk is again on the rise. No wonder! If Greece receives a bail-out, it will not deny the needs of banks and bonds. When enough is at stake and the institution involved is relevant to the system, all will be [...]

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Official Copper Quotation of the London Metal Exchange (LME)

Year 2010 Settlement [USD] 3 Months [USD] upper DEL [EUR] Reuter FX1 EUR/USD
ø January  7,386.25 7,412.03 531.68 1.4245
ø February  6,848.18 6,872.45 515.47 1.3654
ø March  7,462.83 7,494.85 565.00 1.3573
ø April  7,745.08 7,780.68 594.30 1.3377
ø May  0.00 0.00 561.40 1.2536
ø June  0.00 0.00 548.96 1.2181
ø August  0.00 0.00 580.25 1.2870


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