BLBG:Copper Falls in London as Italy May Need Assistance: LME Preview
Copper fell in London after a report that the European Central Bank wants to expand assistance to Italy, heightening speculation that sovereign debt in Europe will curb economic growth and metal demand.
Market News:
Metals News:
Metals Prices:
-- Copper fell $7.25, or 0.1 percent, to $9,653.75 a metric ton
by 8:03 a.m. on the London Metal Exchange. Relative Strength
Index 67.
-- Aluminum dropped 0.6 percent to $2,521 a ton. RSI 47.
-- Zinc was little changed at $2,356.50 a ton. RSI 58.
-- Lead declined 0.8 percent to $2,698.50 a ton. RSI 66.
-- Nickel was down 0.2 percent to $23,850 a ton. RSI 63.
-- Tin rose 0.2 percent to $26,850 a ton. RSI 58.
Other markets: Last % Change % YTD
U.S. Dollar Index 75.44 0.4 -4.5
Crude Oil $95.50 -0.7 4.5
Gold $1,546.43 0.2 8.9
MSCI World Index 1,339.51 -0.3 4.7
Economic Events:
Forecast Prior Time
(London)
CA Housing Starts 185K 183.6K 13:15
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.
