BLBG:Copper Rebounds in London Before Home Sales Report: LME Preview
Copper rebounded in London before a Commerce Department report that economists say will show the most new U.S. home purchases in more than a year.
Market News:
Metals News:
Metals Prices:
-- Copper climbed 1.2 percent to $8,387 a metric ton at 7:43
a.m. on the London Metal Exchange. Relative strength index 48.
-- Aluminum gained 0.7 percent to $2,181 a ton. RSI 41.
-- Nickel advanced 0.5 percent to $18,543 a ton. RSI 36.
-- Lead gained 1.4 percent to $2,010 a ton. RSI 40.
-- Tin increased 1.8 percent to $22,498 a ton. RSI 40.
-- Zinc was up 1.5 percent at $2,015 a ton. RSI 44.
Other markets: Last % Change % YTD
U.S. Dollar Index 79.69 -0.1 -0.6
Crude Oil $105.70 0.3 7.0
Gold $1,646.05 0.0 5.3
MSCI World Index 1,302.48 -0.1 10.1
Economic Events:
Forecast Prior Time
(London)
IT Retail Sales -0.1% -1.1% 09:00
US New Home Sales 1.3% -0.9% 14:00
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.
