BLBG:Copper Slumps As Greece Euro-Exit Risk Gains: LME Preview
Copper declined for the first time in four days amid concern that Greece may quit the euro region and the economy in China, the biggest metals consumer, may have the slowest growth in more than two decades.
Market News:
Metals News:
Metal Prices:
-- Copper fell 1.4 percent to $7,629.50 a metric ton by 7:38
a.m. on the London Metal Exchange. Relative Strength Index 32.
-- Aluminum declined 0.3 percent to $2,022 a ton. RSI 37.
-- Zinc dropped 1.6 percent to $1,881.25 a ton. RSI 35.
-- Lead fell 1.6 percent to $1,934.50 a ton. RSI 37.
-- Nickel declined 0.4 percent to $16,825 a ton. RSI 40.
-- Tin dropped 1 percent to $19,500 a ton. RSI 35.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 81.641 0.2 1.8
Crude oil $91.12 -0.8 -7.8
Gold $1,558.37 -0.7 -0.3
MSCI World Index 1,195.17 -0.4 1.1
Economic events:
Forecast Prior Time
(London)
U.S. MBA Mortgage Applications May 18 -- 9.2% 12:00
U.S. House Price Index MoM MAR 0.3% 0.3% 15:00
U.S. New Home Sales APR 335K 328K 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
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