Copper Ends Selloff in London Before Durable Goods: LME Preview

Copper rose in London, ending the longest selloff in 10 months, before U.S. reports on personal spending, durable goods orders and consumer confidence that economists say will show gains.

Market News:

Metals News:

Metals Prices:


-- Copper climbed 0.7 percent to $7,823 a metric ton at 7:46
a.m. on the London Metal Exchange. Relative strength index 44.
-- Aluminum gained 0.2 percent to $2,064.50 a ton. RSI 51.
-- Nickel slipped 0.7 percent to $17,457 a ton. RSI 54.
-- Lead dropped 0.5 percent to $2,314.25 a ton. RSI 62.
-- Tin was up 0.3 percent at $23,393 a ton. RSI 72
-- Zinc fell 0.3 percent to $2,064.50 a ton. RSI 59.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.37            0.1       -1.0
Crude Oil            $89.33           -0.9       -9.6
Gold              $1,645.85           -0.1        5.3
MSCI World Index   1,350.47           -0.1       14.2

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
UK GDP                               1.0%      1.0%     09:30
US Personal Spending                 0.4%     -0.2%     13:30
US Personal Income                   0.3%      0.0%     13:30
US Durable Goods Orders              0.3%      0.5%     13:30
US U. of Michigan Confidence        75.0      74.5      14:55

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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