BLBG: Copper May Rise on Signals of Improved Demand: LME Preview
By Anna Stablum
April 22 (Bloomberg) -- Copper may rise on signs that the global economic recovery is accelerating as companies beat analysts’ earnings estimates and before a report showing sales of previously owned homes in the U.S. probably rose last month.
Market News:
Metals News:
Metal Prices:
-- Copper rose 0.5 percent to $7,800 a metric ton on the
London Metal Exchange at 7:45 a.m. Relative Strength Index
54.
-- Aluminum climbed 0.5 percent to $2,363 a ton. RSI 54.
-- Zinc rose 0.8 percent at $2,445 a ton. RSI 56.
-- Lead climbed 1.2 percent to $2,348.50 a ton. RSI 58.
-- Nickel rose 0.9 percent to $27,250 a ton. RSI 74.
-- Tin was unchanged at $19,025 a ton. RSI 64.
Other markets: Last % Change % YTD
U.S. Dollar Index 81.091 -0.2 4.2
Crude oil $83.63 -0.1 5.4
Gold $1,147.5 0.1 4.6
MSCI World Index 1,224.37 -0.1 4.8
Economic Events:
Forecast Prior Time
(London)
GE PMI Manufacturing 60.1 60.2 08:30
EC PMI Manufacturing 56.7 56.6 09:00
EC Euro-Zone Govt Debt/GDP Ratio 78.5% 69.3% 10:00
U.S. Producer Price Index (MoM) 0.5% -0.6% 13:30
U.S. Initial Jobless Claims 450K 484K 13:30
U.S. Existing Home Sales 5.29M 5.02M 15:00
EC Euro-Zone Consumer Confidence -17 -17 15:00
To contact the reporter on this story: Anna Stablum in London at astablum@bloomberg.net.