BLBG:Copper Declines On Demand Concern After China Trade Data
Copper declined for a third day, paring a weekly gain, after China’s exports and imports grew less than estimated in July, raising concern that a slowdown in the world’s biggest consumer will erode demand.
Market News:
Metals News:
Metal Prices:
-- Copper fell 0.8 percent to $7,475 a metric ton by 7:39
a.m. on the London Metal Exchange. Relative Strength Index 47.
-- Aluminum declined 0.6 percent to $1,888 a ton. RSI 48.
-- Zinc dropped 1 percent to $1,842 a ton. RSI 48.
-- Lead fell 1 percent to $1,902.75 a ton. RSI 51.
-- Nickel declined 0.7 percent to $15,398 a ton. RSI 40.
-- Tin was unchanged at $17,900 a ton. RSI 46.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 82.649 0.0 3.1
Crude oil $93.07 -0.3 -5.8
Gold $1,613.69 -0.2 3.2
MSCI World Index 1,275.87 -0.2 7.9
Economic events:
Forecast Prior Time
(London)
U.K. PPI Output MoM JUL 0.0% -0.4% 9:30
U.S. Monthly Budget Statement JUL -$93.0B -$129.4B 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
