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SMM Morning Review - 2010/1/26 Copper Market
Jan 26,2010 10:51CST
smm insight
Source:SMM

SHANGHAI, Jan. 26 (SMM) -- The US stock market stopped falling following the news that Ben Bernanke will high likely remain as the chairman of the US Federal Reserve. LME copper prices closed at USD 7,465/mt, up USD 75/mt. Market has absorbed the negative impact from Obama's proposal of new banking regulations and tightening monetary policy in China. Hence, copper prices are expected to return to an upward track, and will receive further support from Ben Bernanke for second term as the chairman of the Fed.

 

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