Copper Falls as Japan Trade Deficit Widens: LME Preview

Copper declined after touching a one-month high yesterday as Japan’s trade deficit widened more than expected and some investors were concerned about demand ahead of a euro-area finance ministers’ meeting.

Market News:

Metals News:

Metal Prices:

-- Copper fell 0.5 percent to $7,567.25 a metric ton by 7:33
a.m. on the London Metal Exchange. Relative Strength Index 53.
-- Aluminum declined 0.5 percent to $1,857 a ton. RSI 46.
-- Zinc gained 0.1 percent to $1,812 a ton. RSI 45.
-- Lead rose 0.1 percent to $1,915 a ton. RSI 55.
-- Nickel gained 0.1 percent to $15,842 a ton. RSI 52.
-- Tin added 0.3 percent to $19,003 a ton. RSI 60.

Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   81.957            0.1            2.2
Crude oil           $96.77           -0.1           -2.1
Gold                $1,640.35         0.2            4.9
MSCI World Index    1,291.87         -0.1            9.2

Economic events:
                                    Forecast    Prior     Time
U.S. MBA Mortgage Applications AUG 17  --       -4.5%     12:00
U.S. Existing Home Sales       JUL     4.51M    4.37M     15:00
U.S. Minutes of FOMC Meeting                              19:00

To contact the reporter on this story:
Maria Kolesnikova in London at

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

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