Bloomberg News

Copper Gains as Japan Machinery Orders Advance: LME Preview

June 13, 2012

Copper gained in London after machinery orders in Japan, the fourth-biggest consumer of the metal, increased more than economists expected.

Market News:

Metals News:

Metal Prices:

-- Copper rose 0.4 percent to $7,424.25 a metric ton by 8:10
a.m. on the London Metal Exchange. Relative Strength Index 38.
-- Aluminum gained 0.1 percent to $1,969.75 a ton. RSI 33.
-- Zinc rose 0.3 percent to $1,885 a ton. RSI 44.
-- Lead advanced 0.2 percent to $1,900 a ton. RSI 38.
-- Nickel declined 0.3 percent to $17,130 a ton. RSI 52.
-- Tin dropped 0.4 percent to $19,628 a ton. RSI 43.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   82.440            0.0            2.8
Crude oil           $83.21           -0.1          -15.8
Gold                $1,610.25         0.0            3.0
MSCI World Index    1,193.17          0.1            0.9


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
Euro-zone Ind. Prod. SA  MoM   APR    -1.2%     -0.3%     10:00
U.S. MBA Mortgage Applications JUN 8    --       1.3%     12:00
U.S. Producer Price Index MoM  MAY    -0.6%     -0.2%     13:30
U.S. Advance Retail Sales      MAY    -0.2%      0.1%     13:30






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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