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Home / Metal News / Key Macroeconomic Indicators for Base Metal Prices (2015-12-24)

Key Macroeconomic Indicators for Base Metal Prices (2015-12-24)

Dec 24, 2015 09:28

Source:SMM

There will be little solid macroeconomic news today. A large number of investors will leave the market due to the Christmas holiday.

SHANGHAI, Dec. 24 (SMM) – There will be little solid macroeconomic news today. A large number of investors will leave the market due to the Christmas holiday. Base metals prices should remain in upward track, but follow their own price trends.

The number of US initial jobless claims last week rose above 270,000, but remaining below 300,000 for 42 weeks in a row, meaning a steady recovery in the US job market.

China stepping up investment in grid and housing, combined with improvement in crude oil market, should inspire investors.

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