Copper Extends Gains in London After China’s Output: LME Preview

Copper climbed for a third day in London after manufacturing output expanded last month in China, the world’s largest buyer of industrial metals.

Market News:

Metals News:

Metals Prices:


-- Copper rose 0.6 percent to $7,806.50 a metric ton at 7:18
a.m. on the London Metal Exchange. Relative strength index 40.
-- Aluminum climbed 0.5 percent to $1,915.50 a ton. RSI 36.
-- Nickel gained 0.8 percent at $16,331 a ton. RSI 39.
-- Lead was up 0.8 percent at $2,079.25 a ton. RSI 45.
-- Tin rose 0.4 percent to $20,001 a ton. RSI 41.
-- Zinc advanced 0.2 percent to $1,873 a ton. RSI 40.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.94            0.0       -0.3
Crude Oil            $86.41            0.2      -12.6
Gold              $1,722.02            0.1       10.1
MSCI World Index   1,301.10            0.0       10.0

Economic Events:
                                    Forecast   Prior    Time
                                                       (London)
UK PMI Manufacturing                 48.0      48.4     09:30
US ADP Employment Change            135.0K     88.2K    12:15
US Initial Jobless Claims           370K      369K      12:30
US Consumer Confidence               73.0      70.3     14:00
US ISM Manufacturing                 51.0      51.5     14:00
US Construction Spending              0.7%     -0.6%    14:00
US Total Vehicle Sales               14.9M     14.88M   21:00

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@abloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter@bloomberg.net

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