recovery on the exchange

December crude oil futures on the Comex division of the New York Mercantile Exchange rose 1.1%.

Copper for December delivery on the Comex division of the New York Mercantile Exchange rose 1.1 percent from Wednesday's close, to $4.44 a pound ($9,768 a tonne).

Copper fell to $9,649 a tonne on the London Metal Exchange (LME). Other industrial metals rose, with aluminium up 0.4% and zinc up 0.5%.

Enthusiasm for China's growth-boosting moves has cooled as investors wait for clearer signs that the government will implement policies such as infrastructure investment to boost demand for commodities.

“The People’s Bank of China’s (PBOC) effective support for the stock market could eventually benefit the commodity market,” analysts at ANZ Group Holdings, including Daniel Hynes, said in a note. They added that stability in the property sector and a stronger stock market could lead to improved consumer sentiment, potentially fueling an economic recovery and stronger demand for commodities.

“We continue to expect fiscal stimulus in the coming weeks and months and have raised our 2025 growth forecast from 4.6% to 4.8% year-on-year in anticipation of stronger policy support,” ING analysts said.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-11-10-phuc-hoi-tren-san-giao-dich.html