Base metal traders keep eyes on eurozone in LME officials
Dec 08, 2011 | 08:39 AM
Base metals remained rangebound in Thursday’s official session on the London Metal Exchange, as traders considered the implications on the euro – and subsequently on prices – of the EU heads of state summit that began on Thursday.
“One could say that the politicians are committed to trying to pull a rabbit out of the hat,” a broker said. “They have to restore confidence in the euro. The alternative is not worth thinking about.”
German chancellor Angela Merkel and French president Nicolas Sarkozy are pushing for new EU treaties that will impose sanctions on nations that exceed their budget....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.