SMM Morning Comments (Sep 25): Shanghai base metals were mostly lower on COVID-19 concerns and disappointing US jobless data

News Snapshot:

Shanghai base metals cruised lower for the most part on Friday morning, and their counterparts on the LME traded mixed, as US jobless claims saw an unexpected increase for the week ended September 19, suggesting a stalled recovery in the labour market, and as coronavirus resurgence in Europe prompted several countries to reimpose travel restrictions. SHANGHAI, Sep 25 (SMM) — Shanghai base metals cruised lower for the most part on Friday morning, and their counterparts on the LME traded mixed, as US jobless claims saw an unexpected increase for the week ended September 19, suggesting a stalled recovery in the...