{
  "id": 12136183,
  "title": "Copper ticks higher as Fed rate hike bets fade",
  "url": "https://urgent.news/2026/10/05/copper-ticks-higher-as-fed-rate-hike-bets-fade",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T11:01:09.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442725/copper-ticks-higher-as-fed-rate-hike-bets-fade"
  },
  "original_language": "en",
  "account": "Copper prices climbed for a second consecutive day on Monday, mirroring gains in equities as the likelihood of a US Federal Reserve rate hike in October diminished, according to research head Sandeep Daga of Metal Intelligence Centre. The benchmark three-month copper on the London Metal Exchange increased by 0.6%, reaching $14,346 per metric ton as of 0951 GMT. Copper experienced a record high of $14,875 on September 10 due to concerns about tight supplies outside the US, but it has since declined. The pan-European STOXX 600 rose 0.2% after reaching a four-month low last week, driven by surging global bond yields resulting from inflation, increased corporate bond issuance, and unfavorable fiscal outlooks. Meanwhile, Japan's Nikkei share average achieved a three-month closing high. The probability of an October US rate hike decreased after weaker-than-expected US jobs data last week, with rate traders now forecasting an 18% chance of a hike at this month's Fed meeting, as opposed to the 71% chance a week ago. Higher interest rates can curb economic activity and dampen demand for growth-dependent industrial metals such as copper. The US dollar reached a near-17-month peak against the euro, which can negatively impact greenback-denominated metals by raising their price for non-dollar currency buyers. The market is eagerly awaiting the return of China, its largest consumer of metals, on Thursday to assess fourth-quarter purchasing activity. Domestic demand in China seemed weak, as Chinese copper inventories were thin, and smelter maintenance suspensions were in place. The cash LME copper contract was trading at a nearly $63 premium per ton over the three-month forward, up from $53.50 on Friday, indicating a tightening in near-term supply. Aluminum prices rebounded to trade up 0.4% at $3,111.50 a ton, after touching a five-day low, while zinc dipped 0.1% to $3,708, lead increased 0.8% to $1,865.50, nickel rose 0.5% to $15,700, and tin gained 0.4% to $54,190.",
  "summary": "Copper rose for a second straight session on Monday, tracking equity markets higher and as fading prospects for a US Federal Reserve rate hike outweighed pressure from a strong dollar. Benchmark three-month copper on the London Metal Exchange was up 0.6% at $14,346 a metric ton as of 0951 GMT. The metal hit a record high of $14,875 on September 10 on concerns of tight supplies outside the US…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Global Market Today: Asian shares rise as Fed hike bets ease, oil gains",
        "url": "https://urgent.news/2026/10/05/global-market-today-asian-shares-rise-as-fed-hike-bets-ease-oil-gains",
        "published": "2026-10-05T00:54:30.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Japan stocks gain, Asian shares rise as Fed hike bets ease, oil gains",
        "url": "https://urgent.news/2026/10/05/japan-stocks-gain-asian-shares-rise-as-fed-hike-bets-ease-oil-gains",
        "published": "2026-10-05T01:09:36.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "British Pound softens as US Dollar gains despite easing Fed rate hike odds",
        "url": "https://urgent.news/2026/10/05/british-pound-softens-as-us-dollar-gains-despite-easing-fed-rate-hike",
        "published": "2026-10-05T01:14:26.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Stocks upbeat as Fed rate hike bets recede",
        "url": "https://urgent.news/2026/10/05/stocks-upbeat-as-fed-rate-hike-bets-recede",
        "published": "2026-10-05T02:07:02.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Asian stocks rise as weak U.S. jobs data eases Fed hike bets; Japan surges",
        "url": "https://urgent.news/2026/10/05/asian-stocks-rise-as-weak-u-s-jobs-data-eases-fed-hike-bets-japan",
        "published": "2026-10-05T02:36:29.000Z"
      },
      {
        "outlet": "Hellenic Shipping News",
        "title": "Asian stocks rise as weak U.S. jobs data eases Fed hike bets; Japan surges",
        "url": "https://urgent.news/2026/10/05/asian-stocks-rise-as-weak-u-s-jobs-data-eases-fed-hike-bets-japan-12125989",
        "published": "2026-10-05T10:00:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}