BLBG:Copper Advances as U.S. Data May Signal Demand: LME Preview
Copper climbed for a third day, set for the best run of gains since October, ahead of reports that may show U.S. consumer confidence and spending gained, boosting demand outlook for the metal used in pipes and wires.
Market News:
Metals News:
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Metal Prices:
-- Copper rose $30, or 0.4 percent, to $7,489 a metric ton by
7:40 a.m. on the London Metal Exchange. Relative Strength
Index 48.3.
-- Aluminum gained 0.2 percent to $1,997.50 a ton. RSI 42.5.
-- Zinc advanced 1 percent to $1,867 a ton. RSI 43.1.
-- Lead rose 0.1 percent to $1,968 a ton. RSI 42.2.
-- Nickel declined 0.2 percent to $18,940 a ton. RSI 57.4.
-- Tin fell 0.5 percent to $19,100 a ton. RSI 39.2.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.897 -0.1 1.1
Crude oil $98.99 0.3 8.3
Gold $1,610.45 -0.3 13.4
MSCI World Index 1,163.79 0.0 -9.1
Economic events:
Forecast Prior Time
(London)
U.S. GDP QoQ 3Q 2.0% 2.0% 13:30
U.S. Initial Jobless Claims DEC 17 380K 366K 13:30
U.S. U. of Michigan Confidence DEC 68.0 67.7 14:55
U.S. Leading Indicators NOV 0.3% 0.9% 15:00
U.S. House Price Index MoM OCT 0.2% 0.9% 15:00
To contact the reporter on this story:
Maria Kolesnikova in London at
mkolesnikova@bloomberg.net
To contact the editor responsible for this story:
Claudia Carpenter at
ccarpenter2@bloomberg.net
