Bloomberg News

Copper Jumps Most in 2 Weeks on Spain Deal: LME Preview

June 29, 2012

Copper jumped the most in more than two weeks after euro-area leaders agreed to drop the condition that emergency loans to Spanish banks give their governments preferred creditor status.

Market News:

Metals News:

Metal Prices:

-- Copper jumped 1.9 percent to $7,525 a metric ton by 7:39
a.m. on the London Metal Exchange. Relative Strength Index 50.
-- Aluminum rose 1.1 percent to $1,865 a ton. RSI 32.
-- Zinc advanced 1.3 percent to $1,818 a ton. RSI 42.
-- Lead jumped 1.3 percent to $1,800 a ton. RSI 35.
-- Nickel rose 1.4 percent to $16,434 a ton. RSI 45.
-- Tin advanced 1.6 percent to $18,800 a ton. RSI 39.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   81.929           -1.1            2.2
Crude oil           $79.67            2.6          -19.4
Gold                $1,568.80         1.0            0.3
MSCI World Index    1,207.34          0.6            2.1


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
U.S. Personal Spending          MAY   0.0%       0.3%     13:30
U.S. Chicago Purchasing Manager JUN   52.3       52.7     14:45
U. of Michigan Confidence       JUN   74.1       74.1     14:55






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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