Bloomberg News

Copper Gains in London Before U.S. Factory Output: LME Preview

October 16, 2012

Copper gained in London before the U.S. industrial production report that economists say will show a rebound for September.

Market News:

Metals News:

Metals Prices:


-- Copper rose 0.9 percent to $8,168 a metric ton at 7:14
a.m. on the London Metal Exchange. Relative strength index 52.
-- Aluminum gained 0.9 percent to $1,980 a ton. RSI 39.
-- Nickel advanced 0.6 percent at $17,205 a ton. RSI 43.
-- Lead climbed 0.8 percent to $2,123.25 a ton. RSI 39.
-- Tin was up 0.5 percent at $21,195 a ton. RSI 49.
-- Zinc rose 0.9 percent to $1,932 a ton. RSI 36.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.68           -0.1       -0.6
Crude Oil            $91.87            0.1       -7.0
Gold              $1,737.40            0.0       11.1
MSCI World Index   1,314.96            0.2       11.2

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
EC Euro-Zone CPI                      0.7%        0.4%    10:00
GE Zew Survey (Econ. Sentiment)      -14.9      -18.2     10:00
EC Zew Survey (Econ. Sentiment)        --        -3.8     10:00
US Consumer Price Index               0.5%        0.6%    13:30
US Industrial Production              0.2%       -1.2%    14:15
US Capacity Utilization              78.3%       78.2%    14:15

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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