BLBG:Copper Declines as Europe Crisis May Damp Demand: LME Preview
Copper may decline on the London Metal Exchange as investors bet Europe’s debt crisis may damp demand this year after stockpiles in Shanghai gained for a fifth week.
Market News:
Metals News:
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Metal Prices:
-- Copper fell $33.25, or 0.4 percent, to $7,546.75 a metric ton
by 7:39 a.m. on the London Metal Exchange. Relative Strength
Index 50.
-- Aluminum declined 0.3 percent to $2,062.75 a ton. RSI 53.
-- Zinc gained 0.3 percent to $1,859 a ton. RSI 46.
-- Lead gained 0.5 percent to $1,969.75 a ton. RSI 45.
-- Nickel declined 0.6 percent to $18,638 a ton. RSI 53.
-- Tin dropped 0.4 percent to $19,770 a ton. RSI 50.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 81.165 -0.1 1.2
Crude oil $101.65 0.1 2.9
Gold $1,616.57 -0.1 3.4
MSCI World Index 1,192 0.0 0.8
Economic events:
Forecast Prior Time
(London)
GE Industrial Production MoM NOV -0.5% 0.8% 11:00
Canada Building Permits MoM NOV -5.0% 11.9% 13:30
U.S. Consumer Credit NOV $7.000B $7.645B 20:00
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
