Copper Advances on China Policy Speculation: LME Preview

Copper rose in London on speculation the government in China, the biggest consumer of the metal, will boost investments to bolster the economy.

Market News:

-- Asian stocks declined for a fifth day amid concern the

-- The Bank of Japan will probably refrain from expanding asset

-- Premier Wen Jiabao said promoting investment growth is the

-- Computer systems used by the U.S. Department of Labor to produce market-sensitive economic data are more likely to be a

-- A definition of swaps required by the Dodd-Frank Act and

Metals News:

-- Rhodium, the past year’s worst-performing metal, is poised to

-- Investors may see more signs of slowing U.S. manufacturing

Metals Prices:

-- Copper advanced 0.2 percent to $7,502 a metric ton at 7:05
a.m. on the London Metal Exchange. Relative strength index 47.
-- Aluminum fell less than 0.1 percent to $1,911 a ton. RSI 46.
-- Nickel climbed 0.4 percent to $16,120 a ton. RSI 42.
-- Lead declined 0.3 percent to $1,868 a ton. RSI 47.
-- Tin was down 0.4 percent at $18,699 a ton. RSI 42.
-- Zinc gained 0.5 percent to $1,839 a ton. RSI 46.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     83.32           -0.1        3.9
Crude Oil            $84.63            0.9      -14.4
Gold              $1,576.72            0.6        0.8
MSCI World Index   1,219.04            0.0        3.1

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)

US MBA Mortgage Applications          --         -6.7%    12:00
US Trade Balance                   -$48.6B     -$50.1B    13:30
US Wholesale Inventories              0.3%        0.6%    15:00
US Minutes of FOMC Meeting            --           --     19:00
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