BLBG:Copper Falls in London as Greek Debt Crisis May Slow Demand: LME Preview
Copper fell in London as the Greek debt crisis fanned speculation of a slowdown in growth and demand for industrial metals.
Market News:
Metals News:
Metals Prices:
-- Copper fell $82, or 0.9 percent, to $9,072 a metric ton
by 7:15 a.m. on the London Metal Exchange. Relative Strength
Index 50.
-- Aluminum declined 0.4 percent to $2,580 a ton. RSI 45.
-- Zinc was down 0.4 percent at $2,237 a ton. RSI 48.
-- Lead fell 0.7 percent to $2,501 a ton. RSI 50.
-- Nickel dropped 0.7 percent to $21,869 a ton. RSI 35.
-- Tin retreated 1.4 percent to $24,800 a ton. RSI 31.
Other markets: Last % Change % YTD
U.S. Dollar Index 75.81 0.3 -4.1
Crude Oil $94.99 0.2 3.9
Gold $1,525.40 -0.4 7.3
MSCI World Index 1,275.26 -0.7 -0.4
Economic Events:
Forecast Prior Time
(London)
EC Euro-Zone CPI 0.0% 0.6% 10:00
US Initial Jobless Claims 420K 427K 13:30
US Housing Starts 545K 523K 13:30
US Building Permits 557K 563K 13:30
US Philadelphia Fed 7.0 3.9 15:00
To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@abloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter@bloomberg.net.
