Copper May Fall as China Inflation May Limit Easing: LME Preview
Copper may decline in London after a report showing inflation in China, the biggest metals user, unexpectedly accelerated in January, limiting room for monetary easing and as talks over a Greek bailout stalled.
Metal Prices: -- Copper fell 0.1 percent to $8,568.50 a metric ton by 7:55 a.m. on the London Metal Exchange. Relative Strength Index 63. -- Aluminum gained 0.1 percent to $2,256 a ton. RSI 58. -- Zinc dropped gained 0.4 percent to $2,123 a ton. RSI 59. -- Lead gained 0.3 percent to $2,188 a ton. RSI 53. -- Nickel declined 0.7 percent to $21,350 a ton. RSI 62. -- Tin dropped 0.8 percent to $25,200 a ton. RSI 76. Other Markets: Last % Change % YTD U.S. Dollar Index 78.487 -0.3 -2.1 Crude oil $99.12 0.4 0.3 Gold $1,736.27 0.2 11.0 MSCI World Index 1,281.95 0.1 8.4 Economic events: Forecast Prior Time (London) BOE Announces Interest Rates 0.50% 0.50% 12:00 ECB Announces Interest Rates 1.00% 1.00% 12:45 U.S. Initial Jobless Claims FEB 4 370K 367K 13:30 To contact the reporter on this story: Maria Kolesnikova in London at email@example.com To contact the editor responsible for this story: Claudia Carpenter at firstname.lastname@example.org
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