Copper Seen Rising on China Railway Spending: LME Preview

Copper rose as China, the biggest consumer of industrial metals, increased planned railway spending, boosting demand prospects.

Market News:

Metals News:

Metal Prices:

-- Copper rose 0.2 percent to $7,557.75 a metric ton by 7:42
a.m. on the London Metal Exchange. Relative Strength Index 50.
-- Aluminum declined 0.2 percent to $1,895 a ton. RSI 47.
-- Zinc dropped 0.4 percent to $1,854.50 a ton. RSI 50.
-- Lead fell 0.2 percent to $1,947.50 a ton. RSI 60.
-- Nickel declined 0.8 percent to $16,118 a ton. RSI 48.
-- Tin dropped 0.9 percent to $18,100 a ton. RSI 43.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   82.776           -0.0            3.2
Crude oil           $89.63           -0.2           -9.3
Gold                $1,621.88         0.0            3.7
MSCI World Index    1,255.58          0.1            6.2


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
Euro-Zone CPI Estimate YoY      JUL    2.4%       2.4%    10:00
U.S. Personal Spending          JUN    0.1%       0.0%    13:30
U.S. Chicago Purchasing Manager JUL    52.5       52.9    14:45
U.S. Consumer Confidence         JUL    61.5       62.0    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



Bloomberg reserves the right to edit or 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.