Copper Rises for a 5th Day in London as Fed May Ease Further: LME Preview

Copper climbed for a fifth day after Federal Reserve Chairman Ben S. Bernanke said the central bank may boost purchases of U.S. securities, boosting demand for industrial metals on economic growth.

Market News:

Metals News:

Metal Prices:

-- Copper rose $44.50, or 0.5 percent, to $8,769.50 a metric ton
at 7:59 a.m. on the London Metal Exchange. Relative Strength
Index 61.2.
-- Aluminum gained 0.9 percent to $2,340 a ton. RSI 51.9.
-- Zinc jumped 0.9 percent to $2,238.75 a ton. RSI 49.1.
-- Lead rose 1 percent to $2,319.50 a ton. RSI 57.3.
-- Nickel gained 0.8 percent to $23,686 a ton. RSI 57.3.
-- Tin rose 0.6 percent to $25,700 a ton. RSI 55.5.

Other markets:      Last           % Change   % YTD
U.S. Dollar Index   79.540           0.2        2.2
Crude oil           $89.61           0.5         13
Gold                $1,416.50        0.2         29
MSCI World Index    1,246.2         -0.1        6.7

Economic Events:
                                                          Time
                                                        (London)
                                     Survey    Prior
EC Sentix Investor Confidence         11.0     14.0        9:30

To contact the reporter on this story: Maria Kolesnikova in Moscow at mkolesnikova@bloomberg.net.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter@bloomberg.net.

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