BLBGCopper Advances to a 2-Week High on Chinese Demand: LME Preview
Copper gained for a third day on speculation that Chinese demand will increase on infrastructure construction after banks relaxed lending curbs on local government financing vehicles.
Market News:
Metals News:
Metal Prices:
-- Copper rose 0.5 percent to $8,580 a metric ton by 8:03
a.m. on the London Metal Exchange. Relative Strength Index 59.
-- Aluminum gained 0.3 percent to $2,337.25 a ton. RSI 65.
-- Zinc advanced 0.8 percent to $2,113.75 a ton. RSI 58.
-- Lead rose 0.5 percent to $2,258.75 a ton. RSI 62.
-- Nickel gained 0.8 percent to $20,325 a ton. RSI 51.
-- Tin advanced 1.6 percent to $24,075 a ton. RSI 55.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 78.424 -0.1 -2.2
Crude oil $108.39 -0.2 9.7
Gold $1,774.1 0.4 13.5
MSCI World Index 1,299.78 0.1 9.9
Economic events:
Forecast Prior Time
(London)
Euro-Zone Consumer Confidence FEB -20.2 -20.2 10:00
U.S. Durable Goods Orders JAN -1.0% 3.0% 13:30
U.S. Consumer Confidence FEB 63.0 61.1 15:00
Richmond Fed Manufacturing FEB 14 12 15:00
Japan Industrial Production MoM FEB 1.5% 3.8% 23:50
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
