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Copper Climbs as Investors Weigh Japan, ZEW Survey: LME Preview

Copper climbed in London as investors weighed Japan’s stimulus that starts next year in January and economist forecasts of increased investor confidence in Germany in the monthly ZEW survey.

Market News:

Metals News:

Metals Prices:


-- Copper gained 0.8 percent to $8,118 a metric ton at 7:22 a.m.
on the London Metal Exchange. Relative strength index 58.
-- Aluminum rose 0.3 percent to $2,045.75 a ton. RSI 46.
-- Nickel jumped 0.6 percent to $17,504 a ton. RSI 52.
-- Lead advanced 0.6 percent to $2,313.50 a ton. RSI 53.
-- Tin was up 0.2 percent at $25,040 a ton. RSI 74.
-- Zinc climbed 0.6 percent to $2,044.75 a ton. RSI 53.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.77           -0.3        0.0
Crude Oil            $95.68            0.1        4.2
Gold              $1,694.09            0.2        1.1
MSCI World Index   1,391.23            0.1        3.9

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
GE ZEW Survey Econ. Sentiment        12.0      6.9      10:00
US Existing Home Sales               5.10M     5.04M    15:00
US Existing Home Sales %              1.2%     5.9%     15:00

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 ccarpenter2@bloomberg.net

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