June 24 - Copper hits a three-year low as worries over China’s economy combine with concerns over how to exit QE. And Vodafone snaps up Kabel, but is it paying too much?
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-- three lead -- testing me hundred dollar mosque and gold down when people a sense on the yet. A lot of he's just not catch a bit right now joining me. But more on bait and tackles as voices commodities correspondent eight Angel -- how they also joining estimate. So cut apple links to its league level in 21 months and that China that the Fed tapering. Half markets -- to hit it themselves. And I'm not finish on it. There is cracked a lot of the united downbeat sentiment in the market for good reason. Basic heat China which accounts for 40% of confident that a couple of months. And that authorities they seem to be happy with -- 8% to grading. And then there's some analysts that'll warning that China might might even go at seven point five and might miss at seven point 5%. And expected growth -- this yes and that's -- big thing. Also the copper market is expected to record its fists -- class in in many years and this -- says it. They they isn't that much last Sunday at the end of the tunnel and we've had a string of of weak Chinese day today the factory activity at nine months. May exports grew by -- point 1%. And I wouldn't say they've gotten ahead of ourselves but on that on the other hand. And you know -- and around trading at around 6000 dollars a time is nearing the cost of production. The oldest and makes Reynolds and I thought what's this poll back in. April sometimes -- 2013 cash call the full cost of 7900. Dollars a ton. Obviously a lot has happened since then and with everything you've mentioned it makes where prices headed now what are analysts telling you. Staying and will we heading into -- is seasonally weak period for Dumont anyway heading into the some a hundred days says. Most analysts. SEC asked -- -- their range old steady drifting drifting that way expense and -- at the downside is limited because as any. So much Fred that's that's topic handful. And given it's -- that the cost of production. Back on the outside and they isn't isn't that much harmful commodities will -- it's not -- -- -- And the soon so times of the -- how how much more we see you the weakening. Me and that I mean. They they sang the Boston is at about 6500. Dollars a ton and around -- than not not not grapes -- not not that much 1% to stands. From today's act. Three yet I -- space. And of course just the finish up of both the dollar is also strengthening we count great for copper prices. Has also been a resumption of operations Lebanese. Yes that says they got aggressive has resumed operations. And and also we've got the copper project be packed in mania is expected to come on line -- yes. And with dignity. Hitting full assess -- two identical except -- even if it's not climaxes as fake as an engineer expected. You know the -- it's caving -- to sit back and time now the biggest both of the mind is probably not paying too. Rides to the -- -- this year and also lots of stocks copying China's that they tank needs to I and the next press's job. You know enough for him to -- to capitalize. Thank you very and that's -- have to leave -- that they have to keep an island is copper prices for you. In big deals saying today voted and is set to buy Johnny's not just cable operations seven point seven billion pounds. The deal to buy Kabul to -- stunned month that it and second major acquisition. Of the European fixed line operation within -- yet the deal values hobble at a premium of around 35% to the -- at. Some analysts say. -- -- pricey but the offense as a learning cobble -- that's often more competitive packages. TV fixed line and broadband services. -- and I asked the announcement came during which every day at this time to look at what's -- hitting the markets and why. I'm nineteen all of this is --
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