BLBG:Nickel Leads Industrial Metals Lower on China Curbs: LME Preview
Nickel slumped 1.9 percent, leading declines in industrial metals after China called for property curbs.
Market News:
Metals News:
Metals Prices:
-- Copper declined 0.4 percent at $7,924.75 a metric at 6:55
a.m. on the London Metal Exchange. Relative strength index 35.
-- Aluminum slid 1 percent to $2,081.75 a ton. RSI 45.
-- Nickel slumped 1.9 percent to $16,840 a ton. RSI 32.
-- Lead retreated 1.2 percent to $2,323 a ton. RSI 41
-- Tin was down 1.6 percent at $23,355 a ton. RSI 29.
-- Zinc fell 0.8 percent to $2,115.50 a ton. RSI 46.
Other markets: Last % Change % YTD
U.S. Dollar Index 81.19 0.2 1.8
Crude Oil $94.38 -0.9 2.8
Gold $1,566.30 0.1 -6.5
MSCI World Index 1,403.37 -0.5 4.9
Economic Events:
Survey Prior Time
(London)
EC PMI Manufacturing 48.5 47.9 09:00
US Consumer Price Index 0.1% 0.0% 13:30
US Initial Jobless Claims 355K 341K 13:30
US Philadelphia Fed 1.1 -5.8 15:00
US Existing Home Sales -0.8% -1.0% 15:00
US Leading Indicators 0.2% 0.5% 15:00
To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net
