BLBG:Copper Jumps in London on Greece Bailout Agreement: LME Preview
Copper jumped in London after euro- area finance ministers reached agreement on a second debt bailout package for Greece, boosting the demand outlook for raw materials.
Market News:
Metals News:
Metal Prices:
-- Copper jumped 1.3 percent to $8,339 a metric ton by 7:40
a.m. on the London Metal Exchange. Relative Strength Index 52.
-- Aluminum gained 0.9 percent to $2,199 a ton. RSI 50.
-- Zinc advanced 1.4 percent to $2,009 a ton. RSI 46.
-- Lead jumped 1.5 percent to $2,082 a ton. RSI 45.
-- Nickel rose 1.1 percent to $19,975 a ton. RSI 45.
-- Tin jumped 1.9 percent to $23,950 a ton. RSI 55.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.040 -0.1 -1.4
Crude oil $104.72 1.4 6.0
Gold $1,740.20 0.3 11.3
MSCI World Index 1,294.65 -0.1 9.5
Economic events:
Forecast Prior Time
(London)
U.S. Chicago Fed Nat Activity Index JAN 0.22 0.17 13:30
Euro-Zone Consumer Confidence FEB -20.1 -20.7 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
