BLBG:Copper Jumps as Output Data Boosts Demand Outlook: LME Preview
Copper jumped to a three-week high in London on speculation increased manufacturing output from China to the U.S. may boost demand for industrial metals.
Market News:
Metals News:
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Metal Prices:
-- Copper rose $80.25, or 1.1 percent, to $7,680.50 a metric ton
by 7:48 a.m. on the London Metal Exchange. Relative Strength
Index 54.
-- Aluminum gained 0.2 percent to $2,023 a ton. RSI 47.
-- Zinc advanced 0.5 percent to $1,855 a ton. RSI 44.
-- Lead rose 0.7 percent to $2,050 a ton. RSI 53.
-- Nickel was little-changed at $18,700 a ton. RSI 55.
-- Tin gained 0.5 percent to $19,300 a ton. RSI 45.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.911 -0.5 -0.3
Crude oil $100.73 1.9 1.9
Gold $1,587.60 1.4 1.5
MSCI World Index 1,188.16 0.2 0.5
Economic events:
Forecast Prior Time
(London)
Germany Unemployment Change(1000s) DEC -10K -20K 8:55
U.S. ISM Manufacturing DEC 53.4 52.7 15:00
To contact the reporter on this story:
Maria Kolesnikova in London at
mkolesnikova@bloomberg.net
To contact the editor responsible for this story:
Claudia Carpenter at
ccarpenter2@bloomberg.net
