BLBG:Copper Gains On China’s Possible Stimulus: LME Preview
Copper climbed in London on speculation the government in China, the world’s largest buyer of the metal, will take more steps to boost growth.
Market News:
Metals News:
Metals Prices:
-- Copper gained 0.2 percent to $7,545 a metric ton at 7:30 a.m.
on the London Metal Exchange. Relative strength index 49.
-- Aluminum was unchanged at $1,896 a ton. RSI 43.
-- Nickel increased 1.2 percent to $16,350 a ton. RSI 45.
-- Lead rose 0.2 percent to $1,863 a ton. RSI 46.
-- Tin was up 0.5 percent at $18,600 a ton. RSI 39.
-- Zinc advanced 0.4 percent to $1,851 a ton. RSI 47.
Other markets: Last % Change % YTD
U.S. Dollar Index 83.29 -0.1 3.9
Crude Oil $84.68 0.3 -14.3
Gold $1,582.18 -0.1 1.2
MSCI World Index 1,226.40 -0.2 3.7
Economic Events:
Forecast Prior Time
(London)
EC Sentix Investor Confidence -26.6 -28.9 09:30
US Consumer Credit $8.0B $6.515B 20:00
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.
