Futures on Copper
For those with Futures contracts on copper, the news that it rose to $4,459 a ton on the London Metal Exchange –an increase by 0.6 per cent – could make or break their position. Copper has seen its best performance in years this April, and the increased confidence in the auto industry is helping. Copper is a crucial element to car manufacture, as it is used for things such as wires and tubes for cars.
The possibility that disaster will be averted at Chrysler has also benefited the metals maket. Over in China, demand for copper as risen since their fiscal stimulus programme has been actioned in March. China’s economy is vital to the overall world economy and this, together with an overall better picture in the media over the future of the world’s economy has caused strength on the markets.
The FTSE 100 had its best monthly performance in six years this April. It closed at 4,243.71, an increase of over 20 per cent. The FTSE 250 also had a strong performance – it gained over 18 per cent, making it the best month on record.
