July 6 (Bloomberg) -- Alex Bernal, a market technician at KeeneOnTheMarket.com, SFG Alternatives' Larry Shover and Charles Bradford of Bradford Research debate the future of Alcoa's stock. They speak with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Alcoa Inc. , the largest U.S. aluminum producer, reported second-quarter sales and profit that beat analysts’ estimates and forecast higher global demand for the metal, which may signal broader economic growth.
Japanese stock futures and Australian shares fell as optimism about U.S. corporate earnings waned after Alcoa Inc. reported third-quarter profit that missed analyst estimates and amid concern Europe’s debt crisis will worsen.
Copper futures rose to a record for the fourth time this week as speculation heightened that a supply deficit will widen as China, the world’s biggest consumer, leads a rebound in demand for industrial metals.
Alcoa Inc. , the largest U.S. aluminum producer, and the United Steelworkers union agreed to extend the deadline for contract talks by 11 hours as they work to avoid the first strike in more than two decades.