Even though copper futures were up earlier in commodities trading, they are falling now, after a weak employment report from the U.S. Copper prices are dropping mainly because the cooling U.S. economy has lower demand for it in commodities trading. Bloomberg reports on the effects of U.S. economic data on copper futures:
``The employment data underscores a weakening economic
environment in the U.S.,'' said Eric Wittenauer, industrial
metals analyst at A.G. Edwards & Sons Inc. in St. Louis. ``The
weak economic outlook is reflected in the copper price slide.''
