http://www.researchvia.com/base-metals-energy-pack/
BASE METAL TIPS | Copper futures fell during noon trade in the domestic market on Friday as investors and speculators exited positions in the industrial metal as soft US economic data which showed that jobless claims rose last week and services growth hit a six-month low in November, signaled a slowdown in the world’s biggest economy that may curb demand for the industrial metal.

The number of Americans who filed for claiming unemployment insurance benefits climbed 9,000 to 269,000 in the week ended November 28, while the gauge measuring United state services fell the most in seven years, dropping to 55.9 in November from 59.1 in Oct, with a reading above 50 signaling expansion.

Speculation that China’s exports and imports continued to decline in November, with official data due next week, also soured sentiment, as the outlook worsens for the world’s second biggest economy.

At the MCX, Copper futures for February 2016 contract were trading at Rs.308.55 per kg, down by 0.39 per cent, after opening at Rs. 308.65, against the previous closing price of Rs. 309.75. It touched an intraday low of 308.15. (At 12:15 PM).