Lead Climbs in London on Growth in Automobile Sales: LME Preview

Lead was the biggest gainer of industrial metals on the London Metal Exchange as vehicle sales reports by Mazda Motor Corp. to Toyota Motor Corp. signaled growth in demand for the metal used in car batteries.

Market News:

Metals News:

Metals Prices:


-- Copper increased 0.5 percent at $7,900.25 a metric at 7:24
a.m. on the London Metal Exchange. Relative strength index 40.
-- Aluminum climbed 0.3 percent to $2,029 a ton. RSI 37
-- Nickel rose 0.6 percent to $16,750 a ton. RSI 36.
-- Lead advanced 1 percent to $2,318.75 a ton. RSI 42.
-- Tin was up 0.4 percent at $23,395 a ton. RSI 34.
-- Zinc gained 0.5 percent to $2,110.25 a ton. RSI 47.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     81.79           -0.1        2.5
Crude Oil            $92.79            0.2        1.1
Gold              $1,610.13           -0.2       -3.9
MSCI World Index   1,384.74           -0.1        3.5

Economic Events:
                                    Survey    Prior      Time
                                                       (London)

IT Economic Confidence              88.4      88.2      09:00
UK GDP                              -0.3%     -0.3%     09:30
EC Euro-Zone Consumer Confidence   -23.6     -23.6      10:00
US Durable Goods Orders             -4.7%      4.3%     13:30
US Pending Home Sales                1.8%     -4.3%     15:00
JN Industrial Production             1.5%      2.4%     23:50

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

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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