Copper Gains on China’s Possible Stimulus: LME Preview
Copper climbed in London on speculation the government in China, the world’s largest buyer of the metal, will take more steps to boost growth.
-- Copper gained 0.2 percent to $7,545 a metric ton at 7:30 a.m. on the London Metal Exchange. Relative strength index 49. -- Aluminum was unchanged at $1,896 a ton. RSI 43. -- Nickel increased 1.2 percent to $16,350 a ton. RSI 45. -- Lead rose 0.2 percent to $1,863 a ton. RSI 46. -- Tin was up 0.5 percent at $18,600 a ton. RSI 39. -- Zinc advanced 0.4 percent to $1,851 a ton. RSI 47. Other markets: Last % Change % YTD U.S. Dollar Index 83.29 -0.1 3.9 Crude Oil $84.68 0.3 -14.3 Gold $1,582.18 -0.1 1.2 MSCI World Index 1,226.40 -0.2 3.7 Economic Events: Forecast Prior Time (London) EC Sentix Investor Confidence -26.6 -28.9 09:30 US Consumer Credit $8.0B $6.515B 20:00
To contact the editor responsible for this story: Claudia Carpenter at firstname.lastname@example.org.
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.