Here’s Why Copper Was Higher Today
Stocks were lower while
Treasuries finished higher today.
Equity
The Nasdaq
future
(
NDU3 |
Quote |
Chart |
News |
PowerRating) was down 8.50 1305.00. The S&P 500 contract
(
SPU3 |
Quote |
Chart |
News |
PowerRating) was down 8.50 to close at 992.00, and the Dow
(
DJU3 |
Quote |
Chart |
News |
PowerRating) was down
73
at 9343.
Fixed Income
The 10
year futures contract
(
TYU3 |
Quote |
Chart |
News |
PowerRating) was up -165 to close at 111-065; the 30 year
(
USU3 |
Quote |
Chart |
News |
PowerRating)
was up by -165 to close at 107-13; and the five year note was up by 0-80 at 111-105
(
FVU3 |
Quote |
Chart |
News |
PowerRating).
Metals
August gold
(
GCQ3 |
Quote |
Chart |
News |
PowerRating) was up by 2.50 at 363.40. Silver
(
SIU3 |
Quote |
Chart |
News |
PowerRating) was
up by 5.20 at 499.7. Copper was
up by .05 at 80.30
(
HGU03 |
Quote |
Chart |
News |
PowerRating) amid speculation that the US economy will spur
further demand for the industrial metal, and aluminum
(
ALU03 |
Quote |
Chart |
News |
PowerRating) was up by .0065
.6625.
Energy
August crude
(
CL03Q |
Quote |
Chart |
News |
PowerRating) oil was down .04 to close at 31.84. Natural gas was
up by .005 to close at 5.280
(
NG03Q |
Quote |
Chart |
News |
PowerRating).
Currencies
The USD index
(
DX03M |
Quote |
Chart |
News |
PowerRating) was higher by .30 to close
at 99.00.