BLBG:Copper Heads for Second Weekly Advance on Demand: LME Preview
Copper, little changed in London trading, headed for a second weekly gain on speculation demand will be supported by economic expansion in the U.S. and looser credit controls in China.
Market News:
Metals News:
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Metal Prices:
-- Copper was little changed at $8,355.50 a metric ton
at 8:17 a.m. on the London Metal Exchange. Relative Strength
Index 69.
-- Aluminum declined 0.3 percent to $2,224.50 a ton. RSI 66.
-- Zinc rose 0.2 percent to $2,034 a ton. RSI 67.
-- Lead advanced 0.2 percent to $2,186 a ton. RSI 66.
-- Nickel rose 0.9 percent to $20,390 a ton. RSI 69.
-- Tin declined 0.3 percent to $21,815 a ton. RSI 68.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 80.154 0.1 0.0
Crude oil $100.67 0.3 1.9
Gold $1,658 0.0 6.0
MSCI World Index 1,236.86 0.3 4.6
Economic events:
Forecast Prior Time
(London)
U.S. Existing Home Sales DEC 4.65M 4.42M 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
