Copper Falls After China Manufacturing Data: LME Preview

Copper declined, extending last month’s drop, after manufacturing in China expanded at the slowest pace in eight months, reducing demand for industrial metals from the world’s biggest consumer.

Market News:

Metals News:

Metal Prices:

-- Copper fell 0.2 percent to $7,544 a metric ton by 7:50
a.m. on the London Metal Exchange. Relative Strength Index 49.
-- Aluminum declined 0.1 percent to $1,887.50 a ton. RSI 46.
-- Zinc dropped 0.2 percent to $1,838.75 a ton. RSI 48.
-- Lead gained 0.1 percent to $1,922.75 a ton. RSI 55.
-- Nickel was little-changed at $15,867 a ton. RSI 44.
-- Tin dropped 0.6 percent to $17,998 a ton. RSI 42.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   82.599           -0.0            3.0
Crude oil           $88.04           -0.0          -10.9
Gold                $1,616.02         0.1            3.3
MSCI World Index    1,249.41         -0.1            5.7


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
France PMI Manufacturing       JUL    43.6       43.6      8:50
Germany PMI Manufacturing      JUL    43.3       43.3      8:55
EC PMI Manufacturing           JUL    44.1       44.1      9:00
U.S. MBA Mortgage Applications JUL 27  --        0.9%     12:00
U.S. ISM Manufacturing         JUL    50.2       49.7     15:00
U.S. FOMC Rate Decision               0.25%      0.25%    19:15
U.S. Total Vehicle Sales       JUL    14.00M     14.05M   22:00






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