AIRLINK 189.35 Decreased By ▼ -0.81 (-0.43%)
BOP 12.79 Decreased By ▼ -0.04 (-0.31%)
CNERGY 7.15 Decreased By ▼ -0.06 (-0.83%)
FCCL 42.15 Decreased By ▼ -1.26 (-2.9%)
FFL 15.59 Increased By ▲ 0.20 (1.3%)
FLYNG 25.11 Decreased By ▼ -1.26 (-4.78%)
HUBC 130.10 Decreased By ▼ -0.51 (-0.39%)
HUMNL 14.25 Increased By ▲ 0.41 (2.96%)
KEL 4.69 Decreased By ▼ -0.02 (-0.42%)
KOSM 6.48 Decreased By ▼ -0.22 (-3.28%)
MLCF 46.95 Decreased By ▼ -2.56 (-5.17%)
OGDC 202.50 Decreased By ▼ -2.31 (-1.13%)
PACE 6.49 Increased By ▲ 0.08 (1.25%)
PAEL 41.00 Increased By ▲ 0.19 (0.47%)
PIAHCLA 17.10 Increased By ▲ 0.25 (1.48%)
PIBTL 8.76 Increased By ▲ 0.07 (0.81%)
POWER 10.66 Decreased By ▼ -0.36 (-3.27%)
PPL 172.25 Decreased By ▼ -2.19 (-1.26%)
PRL 34.68 Decreased By ▼ -0.03 (-0.09%)
PTC 24.90 Decreased By ▼ -0.09 (-0.36%)
SEARL 96.60 Decreased By ▼ -1.39 (-1.42%)
SILK 1.09 No Change ▼ 0.00 (0%)
SSGC 30.60 Decreased By ▼ -0.50 (-1.61%)
SYM 17.98 Increased By ▲ 0.17 (0.95%)
TELE 8.45 Increased By ▲ 0.15 (1.81%)
TPLP 11.88 Decreased By ▼ -0.30 (-2.46%)
TRG 63.20 Increased By ▲ 1.54 (2.5%)
WAVESAPP 11.61 Decreased By ▼ -0.06 (-0.51%)
WTL 1.50 Increased By ▲ 0.02 (1.35%)
YOUW 4.02 Decreased By ▼ -0.16 (-3.83%)
AIRLINK 189.35 Decreased By ▼ -0.81 (-0.43%)
BOP 12.79 Decreased By ▼ -0.04 (-0.31%)
CNERGY 7.15 Decreased By ▼ -0.06 (-0.83%)
FCCL 42.15 Decreased By ▼ -1.26 (-2.9%)
FFL 15.59 Increased By ▲ 0.20 (1.3%)
FLYNG 25.11 Decreased By ▼ -1.26 (-4.78%)
HUBC 130.10 Decreased By ▼ -0.51 (-0.39%)
HUMNL 14.25 Increased By ▲ 0.41 (2.96%)
KEL 4.69 Decreased By ▼ -0.02 (-0.42%)
KOSM 6.48 Decreased By ▼ -0.22 (-3.28%)
MLCF 46.95 Decreased By ▼ -2.56 (-5.17%)
OGDC 202.50 Decreased By ▼ -2.31 (-1.13%)
PACE 6.49 Increased By ▲ 0.08 (1.25%)
PAEL 41.00 Increased By ▲ 0.19 (0.47%)
PIAHCLA 17.10 Increased By ▲ 0.25 (1.48%)
PIBTL 8.76 Increased By ▲ 0.07 (0.81%)
POWER 10.66 Decreased By ▼ -0.36 (-3.27%)
PPL 172.25 Decreased By ▼ -2.19 (-1.26%)
PRL 34.68 Decreased By ▼ -0.03 (-0.09%)
PTC 24.90 Decreased By ▼ -0.09 (-0.36%)
SEARL 96.60 Decreased By ▼ -1.39 (-1.42%)
SILK 1.09 No Change ▼ 0.00 (0%)
SSGC 30.60 Decreased By ▼ -0.50 (-1.61%)
SYM 17.98 Increased By ▲ 0.17 (0.95%)
TELE 8.45 Increased By ▲ 0.15 (1.81%)
TPLP 11.88 Decreased By ▼ -0.30 (-2.46%)
TRG 63.20 Increased By ▲ 1.54 (2.5%)
WAVESAPP 11.61 Decreased By ▼ -0.06 (-0.51%)
WTL 1.50 Increased By ▲ 0.02 (1.35%)
YOUW 4.02 Decreased By ▼ -0.16 (-3.83%)
BR100 11,866 Decreased By -94.4 (-0.79%)
BR30 35,310 Decreased By -324.6 (-0.91%)
KSE100 112,801 Decreased By -938.2 (-0.82%)
KSE30 35,036 Decreased By -291.2 (-0.82%)

BEIJING: Copper prices fell on Monday after weaker-than-expected US jobs data fanned more worries over the health of the world’s largest economy.

Three-month copper on the London Metal Exchange shed 0.5% to $8,951 per metric ton by 0144 GMT, having lost 2.6% last week, the biggest weekly fall since July.

The most-traded October copper contract on the Shanghai Futures Exchange declined 1.2% to 71,720 yuan ($10,091.89) a ton.

The closely watched jobs data on Friday showed labor market momentum slowing more than expected, suggesting a narrower path for the US to achieve a soft landing. That sent risk assets tumbling, including copper, often seen as an economic indicator.

The reading kept market expectation of a September rate cut by the Federal Reserve on track, however, the size and speed remain unclear.

Copper drifts lower after US jobs data

Investors are waiting for more data this week, including trade data from China, the world’s top metals consumer.

LME nickel added 0.3% to $15,935 a ton, lead eased 0.2% to $1,959.50, aluminium slid 0.5% at $2,331, zinc moved 0.4% lower to $2,707 and tin fell 1.8% to $30,470.

SHFE aluminium lost 0.9% to 19,110 yuan a ton, nickel declined 1% to 122,530 yuan, zinc dropped 0.4% to 22,660 yuan, lead lost 2.1% to 16,545 yuan, and tin dropped 0.7% to 248,380 yuan.

Comments

200 characters