BLBG:Copper Gains in London Before U.S. Payrolls: LME Preview
Copper rose in London before the U.S. government jobs report for September that economists say will show gains for payrolls, boosting the demand outlook for industrial metals.
Market News:
Metals News:
Metals Prices:
-- Copper gained 0.2 percent to $8,314 a metric ton at 7:43
a.m. on the London Metal Exchange. Relative strength index 63.
-- Aluminum rose 0.2 percent to $2,115.25 a ton. RSI 60.
-- Nickel was down 0.1 percent at $18,665 a ton. RSI 67.
-- Lead fell 0.1 percent to $2,286.75 a ton. RSI 68.
-- Tin was little changed at $22,520 a ton. RSI 67.
-- Zinc gained 0.5 percent to $2,076.25 a ton. RSI 58.
Other markets: Last % Change % YTD
U.S. Dollar Index 79.36 0.0 -1.0
Crude Oil $91.42 -0.3 -7.5
Gold $1,793.15 0.2 14.7
MSCI World Index 1,330.17 0.1 12.5
Economic Events:
Forecast Prior Time
(London)
GE Factory Orders -0.5% 0.5% 11:00
US Change in Nonfarm Payrolls 115K 96K 13:30
US Unemployment Rate 8.2% 8.1% 13:30
US Consumer Credit $7.25B -$3.276B 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
