Copper Gains as BRIC Easing May Boost Demand: LME Preview
By Maria Kolesnikova -
2012-01-24T08:03:41Z
Copper may gain in London after India’s central bank joined BRIC nations in aiding growth by unexpectedly cutting the cash reserve ratio and signaling future interest-rate cuts, boosting demand outlook for the metal.
Market News:
Metals News:
Metal Prices:
-- Copper rose 0.2 percent to $8,380 a metric ton
at 7:38 a.m. on the London Metal Exchange. Relative Strength
Index 67.
-- Aluminum gained 0.4 percent to $2,247 a ton. RSI 67.
-- Zinc jumped 0.8 percent to $2,076 a ton. RSI 70.
-- Lead gained 0.3 percent to $2,251.50 a ton. RSI 70.
-- Nickel gained 0.7 percent to $20,450 a ton. RSI 68.
-- Tin rose 0.3 percent to $22,222 a ton. RSI 71.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.805 0.0 -0.5
Crude oil $99.76 0.2 0.9
Gold $1,676.10 -0.1 7.2
MSCI World Index 1,241.57 -0.1 5.0
Economic events:
Forecast Prior Time
(London)
Germany PMI Manufacturing JAN 49.0 48.4 8:30
EC PMI Manufacturing DEC JAN 47.3 46.9 9:00
U.S. Richmond Fed Manufact. JAN 6 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
Sponsored Links
Rate this Page