Oil prices per barrel have reduced and were trading at $76.30 as at 16.00hrs local Zambian time down by $3.04 and Copper prices as quoted on the New York Metals Exchange (NYMEX) for August delivery was $3.2570 and for September delivery $3.2600 per pound down by 430 basis points from the previous day’s rate. Copper prices on the London Metal Exchange (LME) were trading around $7, 179 per metric tonne on Thursday.

Meanwhile, “Financial markets regained some composure on Thursday after the previous session's broad selloff of riskier assets, with European shares inching up but the Euro hurt by new worries about some of its weaker member economies. The Dollar recovered earlier losses to gain a third of a percent versus a basket of currencies mainly as a result of Euro weakness. The U.S. currency posted its biggest one-day gain in two years on Wednesday. The Euro was trading flat to lower versus the Dollar at $1.2829 after the Greek data. It had fallen more than 2 percent on Wednesday on a widening in euro zone peripheral spreads and a broad strengthening in the Dollar”-(Reuters).