Copper Declines on Concern Over Europe Debt Crisis: LME Preview
By Maria Kolesnikova -
2012-01-27T08:16:39Z
Copper fell for the first time in three days on concern Europe’s sovereign debt crisis may worsen, eroding demand for industrial metals, as bondholders were set to resume talks with Greece.
Market News:
Metals News:
Metal Prices:
-- Copper fell 0.6 percent to $8,542 a metric ton by 8:03 a.m.
on the London Metal Exchange. Relative Strength Index 69.
-- Aluminum fell 0.3 percent to $2,270 a ton. RSI 69.
-- Zinc dropped 0.9 percent to $2,186 a ton. RSI 75.
-- Lead fell 0.6 percent to $2,310.75 a ton. RSI 72.
-- Nickel declined 0.9 percent to $21,410 a ton. RSI 73.
-- Tin rose 0.6 percent to $24,150 a ton. RSI 82.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.405 0.0 -1.0
Crude oil $99.59 -0.1 0.8
Gold $1,717.73 -0.2 9.8
MSCI World Index 1,249.22 -0.1 5.6
Economic events:
Forecast Prior Time
(London)
Eurozone M3 YoY DEC 2.1% 2.0% 9:00
U.S. GDP QoQ 4Q 3.0% 1.8% 13:30
U.S. U. of Michigan Confidence JAN 74.0 74.0 14:55
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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