Bloomberg News

Copper Gains on China’s Possible Stimulus: LME Preview

July 09, 2012

Copper climbed in London on speculation the government in China, the world’s largest buyer of the metal, will take more steps to boost growth.

Market News:

Metals News:

Metals Prices:


-- Copper gained 0.2 percent to $7,545 a metric ton at 7:30 a.m.
on the London Metal Exchange. Relative strength index 49.
-- Aluminum was unchanged at $1,896 a ton. RSI 43.
-- Nickel increased 1.2 percent to $16,350 a ton. RSI 45.
-- Lead rose 0.2 percent to $1,863 a ton. RSI 46.
-- Tin was up 0.5 percent at $18,600 a ton. RSI 39.
-- Zinc advanced 0.4 percent to $1,851 a ton. RSI 47.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     83.29           -0.1        3.9
Crude Oil            $84.68            0.3      -14.3
Gold              $1,582.18           -0.1        1.2
MSCI World Index   1,226.40           -0.2        3.7

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
EC Sentix Investor Confidence        -26.6       -28.9     09:30
US Consumer Credit                   $8.0B       $6.515B   20:00

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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