MEIR ON METALS: Markets steady ahead of Fed communications

Apr 25, 2012 | 10:08 AM |

Analyst Ed Meir looks at what is moving the metal markets on Wednesday April 25. Copper and General Commentary: Metals pushed higher on Tuesday, with copper rising over 1% and partly reversing Monday’s sharp losses. A better tone in the European credit markets and a firmer euro combined to help the complex advance. Trading volume was heavy, particularly on COMEX, where turnover was some 40% above the 30-day average. Other markets were also stronger, with equity markets breathing easier on account of relatively successful Dutch, Spanish, and Italian debt sales. We are up across the board in most markets right now, as the euro....

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