Bloomberg News

Copper Rebounds on Japan Machinery Orders: LME Preview

April 11, 2012

Copper rallied from the lowest level in 12 weeks as Japan’s machinery orders exceeded economists’ estimates in February, signaling gains in capital spending.

Market News:

Metals News:

Metal Prices:

-- Copper rose 0.7 percent to $8,082 a metric ton by 8:22
a.m. on the London Metal Exchange. Relative Strength Index 39.
-- Aluminum jumped 0.9 percent to $2,082.50 a ton. RSI 34.
-- Zinc fell 0.1 percent to $1,988 a ton. RSI 43.
-- Lead dropped 0.5 percent to $2,005 a ton. RSI 44.
-- Nickel declined 1.5 percent to $17,895 a ton. RSI 42.
-- Tin fell 0.7 percent to $22,600 a ton. RSI 45.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   79.728           -0.2           -0.6
Crude oil           $101.26           0.2            2.5
Gold                $1,657.19        -0.2            6.0
MSCI World Index    1,258.5          -0.1            6.4


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
U.S. MBA Mortgage Applications APR 6   --        4.8%      12:00
U.S. Import Price Index MoM    MAR     0.8%      0.4%      13:30
U.S. Fed Beige Book                                        19:00
U.S. Monthly Budget Statement  MAR   -$196.0B   -$188.2B   19:00





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




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