Copper Gains a Third Day as Equities Advance: LME Preview

Copper gained for a third day as equities advanced after Federal Reserve Chairman Ben S. Bernanke said he’s prepared to do more to stimulate growth if needed, weakening the dollar and boosting demand for assets priced in the U.S. currency.

Market News:

Metals News:

Metal Prices:

-- Copper gained 0.3 percent to $8,227 a metric ton by 7:44
a.m. on the London Metal Exchange. Relative Strength Index 50.
-- Aluminum rose 0.5 percent to $2,081 a ton. RSI 42.
-- Zinc gained 0.4 percent to $2,012 a ton. RSI 50.
-- Lead was little-changed at $2,090 a ton. RSI 52.
-- Nickel jumped 0.9 percent to $17,770 a ton. RSI 45.
-- Tin fell 0.1 percent to $21,900 a ton. RSI 46.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   78.973           -0.1           -1.5
Crude oil           $104.17           0.1            5.4
Gold                $1,648.60         0.3            5.4
MSCI World Index    1,288.00          0.2            8.9


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
Euro-zone Consumer Confidence    APR  -19.8      -19.8    10:00
Germany Consumer Price Index MoM APR   0.1%       0.3%    13:00
U.S. Initial Jobless Claims   APR 21   375K       386K    13:30
U.S. Pending Home Sales MoM      MAR   1.0%      -0.5%    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:
John Deane at 
jdeane3@bloomberg.net



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