BLBG:Copper Rebounds on Japan Machinery Orders: LME Preview
Copper rallied from the lowest level in 12 weeks as Japan’s machinery orders exceeded economists’ estimates in February, signaling gains in capital spending.
Market News:
Metals News:
Metal Prices:
-- Copper rose 0.7 percent to $8,082 a metric ton by 8:22
a.m. on the London Metal Exchange. Relative Strength Index 39.
-- Aluminum jumped 0.9 percent to $2,082.50 a ton. RSI 34.
-- Zinc fell 0.1 percent to $1,988 a ton. RSI 43.
-- Lead dropped 0.5 percent to $2,005 a ton. RSI 44.
-- Nickel declined 1.5 percent to $17,895 a ton. RSI 42.
-- Tin fell 0.7 percent to $22,600 a ton. RSI 45.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.728 -0.2 -0.6
Crude oil $101.26 0.2 2.5
Gold $1,657.19 -0.2 6.0
MSCI World Index 1,258.5 -0.1 6.4
Economic events:
Forecast Prior Time
(London)
U.S. MBA Mortgage Applications APR 6 -- 4.8% 12:00
U.S. Import Price Index MoM MAR 0.8% 0.4% 13:30
U.S. Fed Beige Book 19:00
U.S. Monthly Budget Statement MAR -$196.0B -$188.2B 19:00
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
