BLBG:Copper Has Longest Decline in London Since February: LME Preview
Copper fell for a sixth day in London, the longest streak since Feb. 17, as rebounding stockpiles, prospects of slower growth in China and stalled U.S. budget talks curbed demand.
Market News:
Metals News:
Metals Prices:
-- Copper fell 0.5 percent to $7,886 a metric ton at 7:04 a.m.
on the London Metal Exchange. Relative strength index 45.
-- Aluminum declined 0.1 percent to $2,082 a ton. RSI 54.
-- Nickel slipped 0.8 percent to $17,605 a ton. RSI 57.
-- Lead dropped 0.6 percent to $2,322 a ton. RSI 63.
-- Tin was down 0.2 percent at $23,450 a ton. RSI 74.
-- Zinc fell 0.9 percent to $2,070.50 a ton. RSI 61.
Other markets: Last % Change % YTD
U.S. Dollar Index 79.35 0.1 -1.0
Crude Oil $89.53 -0.5 -9.4
Gold $1,669.20 0.1 6.8
MSCI World Index 1,348.19 -0.1 14.0
Economic Events:
Survey Prior Time
(London)
UK Retail Sales Ex Auto Fuel 0.4% -0.7% 09:30
US GDP 2.8% 2.7% 13:30
US Initial Jobless Claims 360K 343K 13:30
EC Euro-Zone Consumer Confidence -26.5 -26.9 15:00
US Philadelphia Fed -3.0 -10.7 15:00
US Existing Home Sales 4.9M 4.79M 15:00
US Leading Indicators -0.2% 0.2% 15:00
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
