BLBG:Copper Rises to 4-Week High on Asian Growth Signs: LME Preview
Copper climbed to a four-week high in London after reports of economic growth in parts of Asia on top of forecasts for more U.S. car sales, boosting demand for industrial metals.
Market News:
Metals News:
Metals Prices:
-- Copper advanced 0.1 percent to $8,234.25 a metric at 7:45
a.m. on the London Metal Exchange. Relative strength index 64.
-- Aluminum climbed 0.1 percent to $2,107 a ton. RSI 58.
-- Nickel increased 0.2 percent at $18,400 a ton. RSI 68.
-- Lead gained 0.7 percent to $2,457 a ton. RSI 67.
-- Tin was up 0.6 percent at $25,049 a ton. RSI 65.
-- Zinc rose 0.2 percent to $2,159.25 a ton. RSI 69.
Other markets: Last % Change % YTD
U.S. Dollar Index 79.27 0.0 -0.6
Crude Oil $97.78 -0.2 6.5
Gold $1,678.20 0.1 0.2
MSCI World Index 1,410.20 0.1 5.4
Economic Events:
Survey Prior Time
(London)
GE Unemployment Change 8K 3K 08:55
GE Consumer Price Index -0.4% 0.9% 13:00
CA Gross Domestic Product 0.2% 0.1% 13:30
US Personal Income 0.8% 0.6% 13:30
US Personal Spending 0.3% 0.4% 13:30
US Initial Jobless Claims 351K 330K 13:30
US NAPM Milwaukee 52.0 -- 14:00
US Chicago Purchasing Manager 50.5 50.0 14:45
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
