Copper Gains on China’s Possible Stimulus: LME Preview

Copper climbed in London on speculation the government in China, the world’s largest buyer of the metal, will take more steps to boost growth.

Market News:

-- Asian stocks fell the most in a month and the yen rose after Japanese machinery orders sank the most in more than five years

-- Japanese stocks fell, with the Nikkei 225 Stock Average declining the most in a month, after the U.S. jobs creation

-- The euro touched its lowest level in two years before

-- The world’s most-accurate foreign-exchange strategists say

-- China’s inflation eased to a 29-month low and Premier Wen

-- Spanish Prime Minister Mariano Rajoy may unveil a third

-- U.K. Business Secretary Vince Cable urged Barclays Plc to avoid “another outrage” by limiting the severance package given

Metals News:

-- Alcoa Inc., the largest U.S. aluminum producer, may report an

-- United Co. Rusal Chief Executive Officer Oleg Deripaska will

-- Countries’ rising demands for higher mining taxes and

Metals Prices:

-- Copper gained 0.2 percent to $7,545 a metric ton at 7:30 a.m.
on the London Metal Exchange. Relative strength index 49.
-- Aluminum was unchanged at $1,896 a ton. RSI 43.
-- Nickel increased 1.2 percent to $16,350 a ton. RSI 45.
-- Lead rose 0.2 percent to $1,863 a ton. RSI 46.
-- Tin was up 0.5 percent at $18,600 a ton. RSI 39.
-- Zinc advanced 0.4 percent to $1,851 a ton. RSI 47.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     83.29           -0.1        3.9
Crude Oil            $84.68            0.3      -14.3
Gold              $1,582.18           -0.1        1.2
MSCI World Index   1,226.40           -0.2        3.7

Economic Events:
                                    Forecast     Prior     Time
EC Sentix Investor Confidence        -26.6       -28.9     09:30
US Consumer Credit                   $8.0B       $6.515B   20:00
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