Key Macroeconomic Indicators for Base Metal Prices (2015-12-18)

SHANGHAI, Dec. 18 (SMM) – With markets lacking major reports on Friday, attention is turning to China’s 2016 Central Economic Work Conference. This triggers expectation for additional pro-growth measures in China, helping base metals to stabilize.

US dollar attracts market attention after US Fed’s rate hike decision, which weakens focus on economic figures from euro zone. Markets expect November’s PPI from France to stay low but this will likely little affect markets.

China’s 2016 Central Economic Work Conference, a crucial meeting aiming to set the tone for economic policies in 2016, will start in Beijing on Dec. 18. Besides, the two-child policy will come into effect on January 1, 2016 and positive news in Chinese share market will improve market sentiment.