BLBG:Copper Gains A 2nd Day On Easing Speculation: LME Preview
Copper gained for a second day in London on speculation monetary easing by central banks around the world will spur economic growth.
Market News:
Metals News:
Metal Prices:
-- Copper rose 0.9 percent to $7,705 a metric ton by 7:40
a.m. on the London Metal Exchange. Relative Strength Index 55.
-- Aluminum advanced 0.5 percent to $1,919 a ton. RSI 49.
-- Zinc gained 0.6 percent to $1,878.50 a ton. RSI 52.
-- Lead was little-changed at $1,909.75 a ton. RSI 54.
-- Nickel rose 0.7 percent to $16,210 a ton. RSI 46.
-- Tin advanced 0.5 percent to $18,900 a ton. RSI 47.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 82.911 -0.2 3.4
Crude oil $90.56 0.8 -8.4
Gold $1,579.02 0.4 1.0
MSCI World Index 1,242.43 0.3 5.1
Economic events:
Forecast Prior Time
(London)
U.S. Initial Jobless Claims JUL 14 365K 350K 13:30
U.S. Philadephia Fed. JUL -8.0 -16.6 15:00
U.S. Existing Home Sales JUN 4.62M 4.55M 15:00
U.S. Leading Indicators JUN -0.1% 0.3% 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
