BLBG:Copper Advances On China-Boost Speculation: LME Preview
Copper rebounded from a four-month low as leaders in China, the top consumer, pledged to intensify “fine-tuning” of policies and before a report that may show durable goods orders in the U.S. climbed in April.
Market News:
Metals News:
Metal Prices:
-- Copper gained 0.7 percent to $7,585.75 a metric ton by 7:43
a.m. on the London Metal Exchange. Relative Strength Index 33.
-- Aluminum rose 0.2 percent to $2,013 a ton. RSI 36.
-- Zinc gained 0.2 percent to $1,882.75 a ton. RSI 34.
-- Lead gained 0.5 percent to $1,938 a ton. RSI 38.
-- Nickel rose 0.4 percent to $16,825 a ton. RSI 40.
-- Tin advanced 0.3 percent to $19,580 a ton. RSI 36.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 82.071 0.0 2.4
Crude oil $90.38 0.5 -8.6
Gold $1,558.15 -0.2 -0.3
MSCI World Index 1,190.19 0.2 0.7
Economic events:
Forecast Prior Time
(London)
Germany IFO Business Climate MAY 109.4 109.9 9:00
EC PMI Manufacturing MAY 46.0 45.9 9:00
U.S. Durable Goods Orders APR 0.2% -3.9% 13:30
U.S. Initial Jobless Claims MAY 19 370K 370K 13:30
Markit U.S. PMI Preliminary MAY -- -- 13:58
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
