Copper Rebounds in London Before Home Sales Report: LME Preview

Copper rebounded in London before a Commerce Department report that economists say will show the most new U.S. home purchases in more than a year.

Market News:

Metals News:

Metals Prices:

-- Copper climbed 1.2 percent to $8,387 a metric ton at 7:43
a.m. on the London Metal Exchange. Relative strength index 48.
-- Aluminum gained 0.7 percent to $2,181 a ton. RSI 41.
-- Nickel advanced 0.5 percent to $18,543 a ton. RSI 36.
-- Lead gained 1.4 percent to $2,010 a ton. RSI 40.
-- Tin increased 1.8 percent to $22,498 a ton. RSI 40.
-- Zinc was up 1.5 percent at $2,015 a ton. RSI 44.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.69           -0.1       -0.6
Crude Oil           $105.70            0.3        7.0
Gold              $1,646.05            0.0        5.3
MSCI World Index   1,302.48           -0.1       10.1

Economic Events:
                                    Forecast     Prior     Time
IT Retail Sales                      -0.1%       -1.1%   09:00
US New Home Sales                     1.3%       -0.9%   14:00

To contact the reporter on this story: Claudia Carpenter in London at

To contact the editor responsible for this story: Claudia Carpenter at

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.