BLBG:Copper Falls After China Manufacturing Data: LME Preview
Copper declined, extending last month’s drop, after manufacturing in China expanded at the slowest pace in eight months, reducing demand for industrial metals from the world’s biggest consumer.
Market News:
Metals News:
Metal Prices:
-- Copper fell 0.2 percent to $7,544 a metric ton by 7:50
a.m. on the London Metal Exchange. Relative Strength Index 49.
-- Aluminum declined 0.1 percent to $1,887.50 a ton. RSI 46.
-- Zinc dropped 0.2 percent to $1,838.75 a ton. RSI 48.
-- Lead gained 0.1 percent to $1,922.75 a ton. RSI 55.
-- Nickel was little-changed at $15,867 a ton. RSI 44.
-- Tin dropped 0.6 percent to $17,998 a ton. RSI 42.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 82.599 -0.0 3.0
Crude oil $88.04 -0.0 -10.9
Gold $1,616.02 0.1 3.3
MSCI World Index 1,249.41 -0.1 5.7
Economic events:
Forecast Prior Time
(London)
France PMI Manufacturing JUL 43.6 43.6 8:50
Germany PMI Manufacturing JUL 43.3 43.3 8:55
EC PMI Manufacturing JUL 44.1 44.1 9:00
U.S. MBA Mortgage Applications JUL 27 -- 0.9% 12:00
U.S. ISM Manufacturing JUL 50.2 49.7 15:00
U.S. FOMC Rate Decision 0.25% 0.25% 19:15
U.S. Total Vehicle Sales JUL 14.00M 14.05M 22:00
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
