LONDON, March 14 (Reuters) - The copper market has awoken from its year-long slumber. London Metal Exchange (LME) copper surged by 3.1% on Wednesday, breaking out of its long-standing range. The move extended on Thursday morning to an eleven-month high of $8,976.50 per metric ton. The trigger for the price break-out is news that China's copper smelters have agreed to...

March 14 (Reuters) - Most Latin American currencies came under pressure on Thursday as hotter-than-expected U.S. inflation data kept the dollar supported. The dollar index, which gauges the currency against six major peers, rose 0.4% after data showed U.S. producer prices increased more than expected in February, raising concerns that inflation was picking up again. The Brazilian real slipped to...

12:28 PM EDT, 03/14/2024 (MT Newswires) -- US benchmark stock indexes declined and government bond yields jumped after midday Thursday following a hotter-than-expected wholesale price inflation in February. The S&P 500 fell 0.3% to 5,150.9, with the Nasdaq Composite down 0.3% to 16,126.8 and the Dow Jones Industrial Average 0.2% lower at 38,983.2. Barring communication services and energy, all the...

March 14 (Reuters) - U.S. Treasury yields climbed on Thursday following hotter-than-expected February inflation data, raising uncertainty about whether the Federal Reserve would cut rates later than June, as widely expected. The producer price index rose 0.6% in February, exceeding forecasts of 0.3% and the previous month's increase. This follows Tuesday's surprisingly solid increase in the consumer price index for...