Bloomberg News

Copper Rises in London Before U.S. Jobs: LME Preview

August 16, 2012

Copper gained in London on speculation about monetary easing in China, boosting demand for industrial metals.

Market News:

Metals News:

Metals Prices:


-- Copper jumped 0.2 percent to $7,400.75 a metric ton at 7:54
a.m. on the London Metal Exchange. Relative strength index 44.
-- Aluminum fell 0.1 percent to $1,835 a ton. RSI 39.
-- Nickel advanced 0.4 percent to $15,358 a ton. RSI 40
-- Lead gained 0.5 percent to $1,832 a ton. RSI 41.
-- Tin was up 1 percent at $18,200 a ton. RSI 49.
-- Zinc dropped 0.3 percent to $1,795 a ton. RSI 40.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     82.83            0.2        3.3
Crude Oil            $94.18           -0.2       -4.7
Gold              $1,602.55            0.0        2.5
MSCI World Index   1,277.84            0.1        8.1

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
EC Euro-Zone CPI                      1.7%        1.6%    10:00
US Initial Jobless Claims            365K        361K     13:30
US Housing Starts                    -0.5%        6.9%    13:30
US Building Permits                   1.2%       -3.7%    13:30
US Philadelphia Fed.                 -5.0        -12.9    15:00

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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