Bloomberg News

Copper Rises to 4-Week High on Asian Growth Signs: LME Preview

January 31, 2013

Copper climbed to a four-week high in London after reports of economic growth in parts of Asia on top of forecasts for more U.S. car sales, boosting demand for industrial metals.

Market News:

Metals News:

Metals Prices:


-- Copper advanced 0.1 percent to $8,234.25 a metric at 7:45
a.m. on the London Metal Exchange. Relative strength index 64.
-- Aluminum climbed 0.1 percent to $2,107 a ton. RSI 58.
-- Nickel increased 0.2 percent at $18,400 a ton. RSI 68.
-- Lead gained 0.7 percent to $2,457 a ton. RSI 67.
-- Tin was up 0.6 percent at $25,049 a ton. RSI 65.
-- Zinc rose 0.2 percent to $2,159.25 a ton. RSI 69.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.27            0.0       -0.6
Crude Oil            $97.78           -0.2        6.5
Gold              $1,678.20            0.1        0.2
MSCI World Index   1,410.20            0.1        5.4

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
GE Unemployment Change               8K        3K        08:55
GE Consumer Price Index            -0.4%       0.9%      13:00
CA Gross Domestic Product           0.2%       0.1%      13:30
US Personal Income                  0.8%       0.6%      13:30
US Personal Spending                0.3%       0.4%      13:30
US Initial Jobless Claims          351K       330K       13:30
US NAPM Milwaukee                   52.0      --         14:00
US Chicago Purchasing Manager       50.5       50.0      14:45

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


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus