Summary Box: Copper rises after European industrial production grows more than forecast

By AP
Monday, June 14, 2010

Summary Box: Copper rallies on European growth

COPPER COMEBACK: Copper climbed above $3 a pound for the first time in nearly two weeks as investors moved back into riskier assets and a report showed industrial production in Europe topped forecasts.

EURO STABILIZING: The euro moved back above $1.22. The currency has stabilized after hitting another four-year low last week. A stronger euro weakens the dollar, which in turns helped dollar-based commodities.

GRAIN GAIN: Grain and bean prices all rose as part of the broader commodity rally. Wheat led grain futures higher, climbing more than 2 percent.

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