BLBG:Copper Seen Rising On China Railway Spending: LME Preview
Copper rose as China, the biggest consumer of industrial metals, increased planned railway spending, boosting demand prospects.
Market News:
Metals News:
Metal Prices:
-- Copper rose 0.2 percent to $7,557.75 a metric ton by 7:42
a.m. on the London Metal Exchange. Relative Strength Index 50.
-- Aluminum declined 0.2 percent to $1,895 a ton. RSI 47.
-- Zinc dropped 0.4 percent to $1,854.50 a ton. RSI 50.
-- Lead fell 0.2 percent to $1,947.50 a ton. RSI 60.
-- Nickel declined 0.8 percent to $16,118 a ton. RSI 48.
-- Tin dropped 0.9 percent to $18,100 a ton. RSI 43.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 82.776 -0.0 3.2
Crude oil $89.63 -0.2 -9.3
Gold $1,621.88 0.0 3.7
MSCI World Index 1,255.58 0.1 6.2
Economic events:
Forecast Prior Time
(London)
Euro-Zone CPI Estimate YoY JUL 2.4% 2.4% 10:00
U.S. Personal Spending JUN 0.1% 0.0% 13:30
U.S. Chicago Purchasing Manager JUL 52.5 52.9 14:45
U.S. Consumer Confidence JUL 61.5 62.0 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
