LME Inventory Update

FXStreet (Mumbai) - The daily warehouse stocks data released by the London Metal Exchange (LME) today showed a rise in the inventory levels of Copper and Zinc. Meanwhile, the inventory levels of Nickel, Aluminium and Lead declined.

Copper stocks rose by 950 tonnes today, while Aluminium inventory and Lead inventory decreased by 10100 tonnes and 2200 tonnes respectively. Nickel stocks declined by 162 tonnes, while that of Zinc increased 3200 tonnes.

The Oil price rout continues – SG

Kit Juckes, Global Head of Currency Research at Societe Generale, notes that with an empty economic data calendar, markets have been reacting strongly to the fluctuation in oil prices, with the 10-year yields dragged back to pre-NFP rates.
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DAX dives deeper into red

Germany’s benchmark index, the DAX, opened gap down and continues its slide for the 2nd straight session tracking weakness in Asian equities and oil prices.
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