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Monday, September 15, 2008
UPDATE
UPDATE AT 9 PM, SEPTEMBER 15
U.S. copper futures tumble 3 percent Monday as investors
fret about the health of the global economy amid turmoil in
major U.S. banking and financial institutions.
Copper for December delivery HGZ8 down 9.20 cents, or
2.9 percent, at $3.1020 a lb on the New York Mercantile Exchange's
COMEX division at 10:35 a.m. EDT (1435 GMT).
* December ranged from $3.0570 to $3.2225 a lb.
* Spot September HGU8 traded down 8.65 cents, or 2.7 percent,
at $3.1225 a lb.
* Copper fell along with other base metals due to concerns about
the global economic strength after U.S. investment bank Lehman
Brothers filed for bankruptcy protection - metals trader.
* Copper, a barometer of the strength of the global economy,
sold off as U.S. stocks fell 2 percent amid financial turmoil.
* Trading momentum in the red metal also weakened after
data showed U.S. industrial output posted its biggest slide in
three years last month and September might not be much better.
Copper for December delivery HGZ8 down 9.20 cents, or 2.9 percent,
at $3.1020 a lb on the New York Mercantile Exchange's COMEX division at 10:35 a.m.
* December ranged from $3.0570 to $3.2225 a lb.
* Spot September HGU8 traded down 8.65 cents, or 2.7 percent,
at $3.1225 a lb.
* Copper fell along with other base metals due to concerns about
the global economic strength after U.S. investment bank Lehman
Brothers filed for bankruptcy protection - metals trader.
* Copper, a barometer of the strength of the global economy,
sold off as U.S. stocks fell 2 percent amid financial turmoil.
* Trading momentum in the red metal also weakened after data
showed U.S. industrial output posted its biggest slide in three years
last month and September might not be much better.
U.S. copper futures tumble 3 percent Monday as investors
fret about the health of the global economy amid turmoil in
major U.S. banking and financial institutions.
Copper for December delivery HGZ8 down 9.20 cents, or
2.9 percent, at $3.1020 a lb on the New York Mercantile Exchange's
COMEX division at 10:35 a.m. EDT (1435 GMT).
* December ranged from $3.0570 to $3.2225 a lb.
* Spot September HGU8 traded down 8.65 cents, or 2.7 percent,
at $3.1225 a lb.
* Copper fell along with other base metals due to concerns about
the global economic strength after U.S. investment bank Lehman
Brothers filed for bankruptcy protection - metals trader.
* Copper, a barometer of the strength of the global economy,
sold off as U.S. stocks fell 2 percent amid financial turmoil.
* Trading momentum in the red metal also weakened after
data showed U.S. industrial output posted its biggest slide in
three years last month and September might not be much better.
Copper for December delivery HGZ8 down 9.20 cents, or 2.9 percent,
at $3.1020 a lb on the New York Mercantile Exchange's COMEX division at 10:35 a.m.
* December ranged from $3.0570 to $3.2225 a lb.
* Spot September HGU8 traded down 8.65 cents, or 2.7 percent,
at $3.1225 a lb.
* Copper fell along with other base metals due to concerns about
the global economic strength after U.S. investment bank Lehman
Brothers filed for bankruptcy protection - metals trader.
* Copper, a barometer of the strength of the global economy,
sold off as U.S. stocks fell 2 percent amid financial turmoil.
* Trading momentum in the red metal also weakened after data
showed U.S. industrial output posted its biggest slide in three years
last month and September might not be much better.
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