BLBG:Copper Advances in New York Before U.S. Home Sales: LME Preview
Copper futures rose for a second day in New York before a U.S. government report on new home sales that economists said probably rose in November to the highest level in more than two years.
Market News:
Metals News:
Metals Prices:
-- Copper rose 1.6 percent to $7,932 a metric ton at 7:23 a.m.
on the London Metal Exchange. Relative strength index 50. New
York futures were up 0.3 percent on the Comex.
-- Aluminum added 0.9 percent to $2,094.75 a ton. RSI 56.
-- Nickel advanced 0.7 percent to $17,417 a ton. RSI 52.
-- Lead gained 0.2 percent to $2,325.75 a ton. RSI 63.
-- Tin was up 0.5 percent at $23,400 a ton. RSI 71.
-- Zinc climbed 1.2 percent to $2,092.75 a ton. RSI 64.
Other markets: Last % Change % YTD
U.S. Dollar Index 79.56 -0.1 -0.8
Crude Oil $91.13 0.2 -7.8
Gold $1,656.75 -0.2 6.0
MSCI World Index 1,337.41 0.1 13.1
Economic Events:
Survey Prior Time
(London)
IT Business Confidence 88.8 88.5 09:00
US Jobless Claims 360K 361K 13:30
US Consumer Confidence 70.0 73.7 15:00
US New Home Sales 3.3% -0.3% 15:00
JN Industrial Production -0.5% 1.6% 23:50
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 ccarpenter2@bloomberg.net