Economics
Copper Declines Most in Four Weeks on China Factory Data
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Copper futures fell the most in four weeks on signals that factory demand will ease in China, the world’s largest consumer of industrial metal.
A Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics was 49.4 in May, compared with a median forecast of 49.7 in a Bloomberg News survey of analysts. Readings below 50 signal contraction. China faces a property slump that threatens economic growth. Copper has dropped 7.6 percent this year.