Copper rebounded in London on speculation the 3.2 percent drop the past two days was overdone given declines in inventories that may signal rebounding demand in China, the world’s largest buyer of the metal. Market News: Metals News: Metals Prices: -- Copper climbed $211, or 2.4 percent, to $9,131 a metric ton by 7:40 a.m. on the London Metal Exchange. Relative Strength Index 51. -- Aluminum rose 0.8 percent to $2,638 a ton. RSI 54. -- Zinc was up 1.8 percent at $2,260 a ton. RSI 53. -- Lead advanced 1.8 percent to $2,449 a ton. RSI 48. -- Nickel gained 1.4 percent to $22,900 a ton. RSI 40. -- Tin jumped 1.1 percent to $26,900 a ton. RSI 37. Other markets: Last % Change % YTD U.S. Dollar Index 74.35 0.0 -5.9 Crude Oil $100.42 0.0 9.9 Gold $1,531.70 -0.1 7.8 MSCI World Index 1,325.20 0.0 3.5 Economic Events: Forecast Prior Time (London) EC PMI Composite 55.4 55.4 09:00 US Change in Nonfarm Payrolls 165K 244K 13:30 US Change in Manufacturing Payrolls 10K 29K 13:30 US ISM Non-Manuf. Composite 54.0 52.8 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.

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