- Metals fell back from their pre-open peaks in early ring trade on Tuesday as the dollar gained upwards momentum, while traders took to the defensive ahead of the day's corporate earnings reports, which triggered jitters over the health of the global economy. - In Europe, stocks were mired in the red, down half a percent or more, tracking losses in the Asian session. The dollar also gained more than a cent against the euro to 1.29 from a two-month low overnight. On Wall Street, equities were also set for a pullback on revenue worries - Goldman Sachs is due to report today. But motor-bike manufacturer Harley-Davidson registered net income that more than tripled in the second quarter to $71.2 million. - Copper, above $6,600 at one stage, backtracked to $6,545, narrowing gains to $37 from Monday's close. The run of inventory drawdowns was sustained - today’s was the 23rd successive daily decline. Stocks fell 3,250 tonnes to 419,600 tonnes, the lowest again since November 18, 2009. - Aluminium remained in the minus column, not helped by a bumper inventory increase. Prices, which been probing back towards $2,000, eased to $1,958, down $13. Tightness in the August-September forwards, at $3 last week, faded to flat today.

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