BLBG:Copper Extends Gains in London After China’s Output: LME Preview
Copper climbed for a third day in London after manufacturing output expanded last month in China, the world’s largest buyer of industrial metals.
Market News:
Metals News:
Metals Prices:
-- Copper rose 0.6 percent to $7,806.50 a metric ton at 7:18
a.m. on the London Metal Exchange. Relative strength index 40.
-- Aluminum climbed 0.5 percent to $1,915.50 a ton. RSI 36.
-- Nickel gained 0.8 percent at $16,331 a ton. RSI 39.
-- Lead was up 0.8 percent at $2,079.25 a ton. RSI 45.
-- Tin rose 0.4 percent to $20,001 a ton. RSI 41.
-- Zinc advanced 0.2 percent to $1,873 a ton. RSI 40.
Other markets: Last % Change % YTD
U.S. Dollar Index 79.94 0.0 -0.3
Crude Oil $86.41 0.2 -12.6
Gold $1,722.02 0.1 10.1
MSCI World Index 1,301.10 0.0 10.0
Economic Events:
Forecast Prior Time
(London)
UK PMI Manufacturing 48.0 48.4 09:30
US ADP Employment Change 135.0K 88.2K 12:15
US Initial Jobless Claims 370K 369K 12:30
US Consumer Confidence 73.0 70.3 14:00
US ISM Manufacturing 51.0 51.5 14:00
US Construction Spending 0.7% -0.6% 14:00
US Total Vehicle Sales 14.9M 14.88M 21:00
To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@abloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter@bloomberg.net
