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Hansen: Metals get a needed boost from China

Copper and other industrial metals are rising after better-than-expected PMI data from China, says Saxo Bank’s Ole Hansen.

Oil is also finding some support from a slowdown in US production, but it remains to be seen whether it is strong enough as refineries close down for maintenance, which will impact demand, Hansen says.

Sugar and coffee are also on the move as the Brazilian real recovers from record lows, Hansen says. With the fundamentals in order, they could continue to rise if the real’s rally continues.

02:54 minutes
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