Bloomberg News

Copper Rebounds in London Before Home Sales Report: LME Preview

March 23, 2012

Copper rebounded in London before a Commerce Department report that economists say will show the most new U.S. home purchases in more than a year.

Market News:

Metals News:

Metals Prices:


-- Copper climbed 1.2 percent to $8,387 a metric ton at 7:43
a.m. on the London Metal Exchange. Relative strength index 48.
-- Aluminum gained 0.7 percent to $2,181 a ton. RSI 41.
-- Nickel advanced 0.5 percent to $18,543 a ton. RSI 36.
-- Lead gained 1.4 percent to $2,010 a ton. RSI 40.
-- Tin increased 1.8 percent to $22,498 a ton. RSI 40.
-- Zinc was up 1.5 percent at $2,015 a ton. RSI 44.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.69           -0.1       -0.6
Crude Oil           $105.70            0.3        7.0
Gold              $1,646.05            0.0        5.3
MSCI World Index   1,302.48           -0.1       10.1

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
IT Retail Sales                      -0.1%       -1.1%   09:00
US New Home Sales                     1.3%       -0.9%   14:00

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.


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