Copper May Fall on Concern Chinese Economy Slowing: LME Preview

Copper may decline in London after a report showed China’s non-manufacturing industries contracted, raising concerns that the economy is slowing in the biggest metals-consuming nation.

Market News:

Metals News:

Metal Prices:
-- Copper fell $4.75, or 0.1 percent, to $7,885.25 a metric ton
by 7:55 a.m. on the London Metal Exchange. Relative Strength
Index 57.9.
-- Aluminum declined 0.9 percent to $2,110 a ton. RSI 49.6.
-- Zinc dropped 1.2 percent to $2,027 a ton. RSI 56.9.
-- Lead fell 0.5 percent to $2,099 a ton. RSI 57.1.
-- Nickel declined 0.6 percent to $17,629 a ton. RSI 47.5.
-- Tin fell 0.5 percent to $19,900 a ton. RSI 38.2.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   78.472           -0.2           -0.7
Crude oil           $101.48           0.5           11.1
Gold                $1,745.80        -0.1           22.8
MSCI World Index    1,188.43          0.1           -7.2


Economic events:
                                      Forecast  Prior     Time
                                                        (London)
Germany PMI Services         NOV        51.4    51.4       8:55
EC PMI Services              NOV        47.8    47.8       9:00
U.S. Factory Orders          OCT        -0.3%   0.3%      15:00




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

To contact the editor responsible for this story:
Claudia Carpenter at 
ccarpenter2@bloomberg.net



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