Copper Gains in London After China’s Profits Report: LME Preview

Copper rose in London as industrial profits gains in China, the world’s largest consumer of industrial metals, added to signs of economic growth.

Market News:

Metals News:

Metals Prices:


-- Copper advanced 0.4 percent to $8,059.35 a metric at 7:38
a.m. on the London Metal Exchange. Relative strength index 52.
-- Aluminum climbed 0.4 percent to $2,054 a ton. RSI 47.
-- Nickel was down less than 0.1 percent at $17,375 a ton. RSI
50.
-- Lead gained 0.2 percent to $2,359.50 a ton. RSI 57.
-- Tin was down 0.4 percent at $24,600 a ton. RSI 60.
-- Zinc fell 0.1 percent to $2,077.75a ton. RSI 57.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.83            0.1        0.1
Crude Oil            $96.04            0.2        4.6
Gold              $1,661.50            0.2       -0.8
MSCI World Index   1,403.99           -0.1        4.9

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
IT Consumer Confidence Ind.          86.0     85.7       09:00
US Durable Goods Orders               2.0%     0.8%      13:30
US Pending Home Sales                 0.1%     1.7%      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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