Breaking News

Tweet TWEET

Copper Jumps in London on Greece Bailout Agreement: LME Preview

Copper jumped in London after euro- area finance ministers reached agreement on a second debt bailout package for Greece, boosting the demand outlook for raw materials.

Market News:

Metals News:

Metal Prices:

-- Copper jumped 1.3 percent to $8,339 a metric ton by 7:40
a.m. on the London Metal Exchange. Relative Strength Index 52.
-- Aluminum gained 0.9 percent to $2,199 a ton. RSI 50.
-- Zinc advanced 1.4 percent to $2,009 a ton. RSI 46.
-- Lead jumped 1.5 percent to $2,082 a ton. RSI 45.
-- Nickel rose 1.1 percent to $19,975 a ton. RSI 45.
-- Tin jumped 1.9 percent to $23,950 a ton. RSI 55.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   79.040           -0.1           -1.4
Crude oil           $104.72           1.4            6.0
Gold                $1,740.20         0.3           11.3
MSCI World Index    1,294.65         -0.1            9.5


Economic events:
                                      Forecast    Prior     Time
                                                        (London)
U.S. Chicago Fed Nat Activity Index JAN  0.22     0.17     13:30
Euro-Zone Consumer Confidence       FEB  -20.1   -20.7     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



Press spacebar to pause and continue. Press esc to stop.

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.