BLBG:Copper Falls After World Bank Cuts Growth Forecast: LME Preview
Copper retreated in London after the World Bank cut its forecast for global growth.
Market News:
Metals News:
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Metal Prices:
-- Copper fell 0.4 percent to $8,170 a metric ton by 8:12 a.m.
on the London Metal Exchange. Relative Strength Index 65.
-- Aluminum fell 0.6 percent to $2,215 a ton. RSI 67.
-- Zinc declined 0.3 percent to $1,995 a ton. RSI 62.
-- Lead fell 0.2 percent to $2,103 a ton. RSI 59.
-- Nickel declined 0.5 percent to $19,425 a ton. RSI 58.
-- Tin slid 0.6 percent to $21,600 a ton. RSI 66.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 80.809 -0.5 0.8
Crude oil $101.26 0.6 2.5
Gold $1,656.50 0.3 5.9
MSCI World Index 1,212.92 0.1 2.6
Economic events:
Forecast Prior Time
(London)
U.S. MBA Mortgage Applications JAN 13 -- 4.5% 12:00
U.S. Producer Price Index MoM DEC 0.1% 0.3% 13:30
U.S. Industrial Production DEC 0.5% -0.2% 14:15
U.S. NAHB Housing Market Index JAN 22 21 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
