Copper futures trade down in early deals of Friday
Copper futures traded down in early deals of Friday despite increasing optimism for interest-rate cuts by the US Federal Reserve, with markets now pricing an 87% chance of a 25-basis-point rate cut in December. Copper prices weakened on data that showed China's industrial profit contracted in October, as well as the debt woes of developer Vanke. The US markets were closed on Thursday for Thanksgiving holiday.
Copper futures for March delivery fell $0.0140 or 0.27% at $5.18 a pound on the Comex metals division of New York Mercantile Exchange.
