Copper market and how it reflects the global economy News Journal 1
Article related to Global Economy
Phillips, Matt. "As Stock Markets Brush Off Trade Tensions, a Warning of Trouble Ahead" The New York Times 17 Aug. 18. https://www.nytimes.com/2018/08/17/business/china-trade-war-copper-price.html
In this article, it talks about how copper can be used as an indicator for the direction of the global economy and now the price of copper has dropped 19%. This drop reflects that future trouble for the global economy could be coming. Looking at the primary consumer of Copper, China, shows that the drop in the copper demand goes hand in hand with the start of the trade war with the United States. Recently with the pressure on the China economy, there has also been negative effects seen on their currency which has suffered against the dollar. It is this connection between the two countries that allow the market to predict how the global economy will be.
This article relates to the main topic of the global economy because of how it the article it says that the Copper market can be used to predict the trend of the global economy. And the drop the copper market is experiencing will soon be shown in how the global economy will be. And it seems that both of these are caused by the trade war started between the United States and China
Phillips, Matt. "As Stock Markets Brush Off Trade Tensions, a Warning of Trouble Ahead" The New York Times 17 Aug. 18. https://www.nytimes.com/2018/08/17/business/china-trade-war-copper-price.html
In this article, it talks about how copper can be used as an indicator for the direction of the global economy and now the price of copper has dropped 19%. This drop reflects that future trouble for the global economy could be coming. Looking at the primary consumer of Copper, China, shows that the drop in the copper demand goes hand in hand with the start of the trade war with the United States. Recently with the pressure on the China economy, there has also been negative effects seen on their currency which has suffered against the dollar. It is this connection between the two countries that allow the market to predict how the global economy will be.
This article relates to the main topic of the global economy because of how it the article it says that the Copper market can be used to predict the trend of the global economy. And the drop the copper market is experiencing will soon be shown in how the global economy will be. And it seems that both of these are caused by the trade war started between the United States and China
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