Politburo Meeting Boosts Confidence, Copper Prices Surge Despite Mixed Macroeconomic Signals

Publicado: Dec 10, 2024 08:32
[Politburo Meeting in December Exceeds Market Expectations, Copper Prices Rise Overnight] Macro side, a survey by the New York Fed shows that US 1-year inflation expectations rose to 2.97% (previous value: 2.87%). The US dollar index returned above the 106 mark, exerting pressure on copper prices, though the impact was relatively weak. Domestically, China’s November CPI rose 0.2% YoY and fell 0.6% MoM; PPI fell 2.5% YoY and rose 0.1% MoM. Additionally, the Central Committee of the Communist Party of China stated that the main goals and tasks for economic and social development for the year will be successfully completed, with the implementation of more proactive fiscal policies and moderately loose monetary policies, and strengthening extraordinary counter-cyclical adjustments, thus boosting copper prices...

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[Politburo Meeting in December Exceeds Market Expectations, Copper Pri - Shanghai Metals Market (SMM)