Copper Gains in London Before U.S. Building Permits: LME Preview

Copper advanced in London before a government report on U.S. building permits that economists say will show expansion even as new residential construcion cooled.

Market News:

Metals News:

Metals Prices:

-- Copper rose 0.3 percent at $8,079 a metric at 7:46
a.m. on the London Metal Exchange. Relative strength index 44.
-- Aluminum advanced 0.2 percent to $2,116 a ton. RSI 53.
-- Nickel dropped 0.1 percent to $17,370 a ton. RSI 39.
-- Lead advanced 0.3 percent to $2,383 a ton. RSI 49.
-- Tin was down 0.2 percent at $23,870 a ton. RSI 35.
-- Zinc climbed 0.1 percent to $2,157.50 a ton. RSI 55.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     80.28           -0.2        0.7
Crude Oil            $96.75            0.1        5.4
Gold              $1,607.81            0.2       -4.0
MSCI World Index   1,423.28            0.2        6.3

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
IT Industrial Orders                 -0.2%    -0.5%      09:00
UK Bank of England Minutes            --        --       09:30
US Housing Starts                    -3.6%    12.1%      13:30
US Building Permits                   1.2%     1.0%      13:30
US Producer Price Index               0.3%    -0.3%      13:30
EC Euro-Zone Consumer Confidence     -23.2   -23.9       15:00
US Fed FOMC Minutes                   --       --        19:00

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