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Copper rose in London on speculation the government in China, the biggest consumer of the metal, will boost investments to bolster the economy.
Market News:
Metals News:
Metals Prices:
-- Copper advanced 0.2 percent to $7,502 a metric ton at 7:05
a.m. on the London Metal Exchange. Relative strength index 47.
-- Aluminum fell less than 0.1 percent to $1,911 a ton. RSI 46.
-- Nickel climbed 0.4 percent to $16,120 a ton. RSI 42.
-- Lead declined 0.3 percent to $1,868 a ton. RSI 47.
-- Tin was down 0.4 percent at $18,699 a ton. RSI 42.
-- Zinc gained 0.5 percent to $1,839 a ton. RSI 46.
Other markets: Last % Change % YTD
U.S. Dollar Index 83.32 -0.1 3.9
Crude Oil $84.63 0.9 -14.4
Gold $1,576.72 0.6 0.8
MSCI World Index 1,219.04 0.0 3.1
Economic Events:
Forecast Prior Time
(London)
US MBA Mortgage Applications -- -6.7% 12:00
US Trade Balance -$48.6B -$50.1B 13:30
US Wholesale Inventories 0.3% 0.6% 15:00
US Minutes of FOMC Meeting -- -- 19:00
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.