Nissan Motor Co. has lowered its full-year profit forecast by 15 percent. The change comes “after demand in emerging markets slowed and recall costs mounted,” reports Bloomberg.
“The company expects to post net income of 355 billion yen ($3.6 billion) in the year ending March 31, it said today. That’s below the Yokohama, Japan-based carmaker’s previous forecast of 420 billion yen and the 440.3 billion yen average of 18 analyst estimates compiled by Bloomberg. Profit is still projected to rise from the previous year as the weaker yen helps bolster earnings.”
The price of US HDG fell 0.1 percent after rising 1.4 percent the week before.
The primary copper cash price rose 1.0 percent on the LME this week, closing out the third week at $7,275 per metric ton. At $7,277 per metric ton, the copper 3-month price finished the week 0.9 percent higher on the LME. Last week, the price of Chinese lead increased by a slight 0.2 percent. The week finished with no movement for Korean 5052 coil premium over 1050 sheet.
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