BLBG: Copper Advances Most in a Week in London as Dollar Weakens: LME Preview
Copper advanced in London, gaining the most in a week, as a weaker dollar buoyed the appeal of commodities priced in the U.S. currency. Zinc, nickel and lead also rose.
Market News:
Metals News:
Metal Prices:
-- Copper rose $89, or 1.2 percent, to $7,245 a metric ton on
the London Metal Exchange at 7:31 a.m. Relative Strength Index
55.6.
-- Aluminum added 1 percent to $2,131 a ton. RSI 53.9.
-- Zinc gained 1.7 percent at $2,082.50 a ton. RSI 58.7.
-- Lead advanced 1.7 percent at $2,091.50 a ton. RSI 55.9.
-- Nickel increased 1.5 percent to $21,585 a ton. RSI 56.2.
-- Tin was 0.7 percent higher at $20,940 a ton. RSI 66.
Other markets: Last % Change % YTD
U.S. Dollar Index 82.698 -0.3 6.2
Crude oil $75.84 0.6 -4.4
Gold $1,219.75 0.4 11.2
MSCI World Index 1,103.89 0.0 -5.5
Economic Events:
Forecast Prior Time
(London)
Euro zone July CPI -0.4% 0.0% 10:00
U.S. Empire manufacturing 8.30 5:08 13:30
U.S. net long-term TIC flows $45.7B $35.4B 14:00
To contact the reporter on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net.
