BLBG:Copper May Fall as China Inflation May Limit Easing: LME Preview
Copper may decline in London after a report showing inflation in China, the biggest metals user, unexpectedly accelerated in January, limiting room for monetary easing and as talks over a Greek bailout stalled.
Market News:
Metals News:
Metal Prices:
-- Copper fell 0.1 percent to $8,568.50 a metric ton by 7:55
a.m. on the London Metal Exchange. Relative Strength Index 63.
-- Aluminum gained 0.1 percent to $2,256 a ton. RSI 58.
-- Zinc dropped gained 0.4 percent to $2,123 a ton. RSI 59.
-- Lead gained 0.3 percent to $2,188 a ton. RSI 53.
-- Nickel declined 0.7 percent to $21,350 a ton. RSI 62.
-- Tin dropped 0.8 percent to $25,200 a ton. RSI 76.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 78.487 -0.3 -2.1
Crude oil $99.12 0.4 0.3
Gold $1,736.27 0.2 11.0
MSCI World Index 1,281.95 0.1 8.4
Economic events:
Forecast Prior Time
(London)
BOE Announces Interest Rates 0.50% 0.50% 12:00
ECB Announces Interest Rates 1.00% 1.00% 12:45
U.S. Initial Jobless Claims FEB 4 370K 367K 13:30
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
