Bloomberg News

Copper Advances in New York Before U.S. Home Sales: LME Preview

December 27, 2012

Copper futures rose for a second day in New York before a U.S. government report on new home sales that economists said probably rose in November to the highest level in more than two years.

Market News:

Metals News:

Metals Prices:


-- Copper rose 1.6 percent to $7,932 a metric ton at 7:23 a.m.
on the London Metal Exchange. Relative strength index 50. New
York futures were up 0.3 percent on the Comex.
-- Aluminum added 0.9 percent to $2,094.75 a ton. RSI 56.
-- Nickel advanced 0.7 percent to $17,417 a ton. RSI 52.
-- Lead gained 0.2 percent to $2,325.75 a ton. RSI 63.
-- Tin was up 0.5 percent at $23,400 a ton. RSI 71.
-- Zinc climbed 1.2 percent to $2,092.75 a ton. RSI 64.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.56           -0.1       -0.8
Crude Oil            $91.13            0.2       -7.8
Gold              $1,656.75           -0.2        6.0
MSCI World Index   1,337.41            0.1       13.1

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
IT Business Confidence                88.8      88.5    09:00
US Jobless Claims                    360K      361K     13:30
US Consumer Confidence                70.0      73.7    15:00
US New Home Sales                      3.3%     -0.3%   15:00
JN Industrial Production              -0.5%      1.6%   23:50

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 ccarpenter2@bloomberg.net


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