MEIR ON METALS: Base metals prices steadier as European concerns ebb.

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    • Abstract:
      The article looks at the factors influencing the movement of the metals markets on February 5, 2013. It notes that base metals prices held their ground on February 4 despite a sharp retreat in global equity markets and a decline in the euro on account of the rising political jitters emanating from Europe. Key issues providing uncertainties include the corruption scandal in Spain and the elections in Italy. It also discusses the constructive macro data and the developments in other markets.