Thursday 12 June 2014

CAPITAL STROKE UPDATE 12-June-2014 : MCX COPPER




COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-412 R1-406 S1-394 S2-388
Copper dropped as a Chinese probe into financing transactions eroded demand prospects for deals using the metal as collateral.
The World Bank cut its forecast for the global 2014 economic growth to 2.8% from 3.2%, fueling bearish sentiment in base metals markets.

Chinese Premier Li Keqiang said that policy makers will focus more on "targeted measures" to support economic growth.

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