Copper Jumps as Output Data Boosts Demand Outlook: LME Preview

Copper jumped to a three-week high in London on speculation increased manufacturing output from China to the U.S. may boost demand for industrial metals.

Market News:

Metals News:

Metal Prices:
-- Copper rose $80.25, or 1.1 percent, to $7,680.50 a metric ton
by 7:48 a.m. on the London Metal Exchange. Relative Strength
Index 54.
-- Aluminum gained 0.2 percent to $2,023 a ton. RSI 47.
-- Zinc advanced 0.5 percent to $1,855 a ton. RSI 44.
-- Lead rose 0.7 percent to $2,050 a ton. RSI 53.
-- Nickel was little-changed at $18,700 a ton. RSI 55.
-- Tin gained 0.5 percent to $19,300 a ton. RSI 45.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   79.911           -0.5           -0.3
Crude oil           $100.73           1.9            1.9
Gold                $1,587.60         1.4            1.5
MSCI World Index    1,188.16          0.2            0.5


Economic events:
                                      Forecast  Prior     Time
                                                        (London)
Germany Unemployment Change(1000s) DEC  -10K       -20K    8:55
U.S. ISM Manufacturing             DEC  53.4       52.7   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



Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.