Copper Climbs as Investors Weigh Japan, ZEW Survey: LME Preview

Copper climbed in London as investors weighed Japan’s stimulus that starts next year in January and economist forecasts of increased investor confidence in Germany in the monthly ZEW survey.

Market News:

-- The yen rebounded from near its weakest level since 2010 and Japanese shares fell after the central bank said it will wait

-- The Bank of Japan set a 2 percent inflation target and said

-- International investors are the most bullish on stocks in at

-- Euro-area finance ministers staked out their turf in a

-- Euro-area finance ministers blessed the next disbursement of

-- Investors are the most bullish on Japan’s markets in more

-- Hedge funds lost money for commodity investors for a second

Metals News:

-- Iron ore may tumble 21 percent by the year-end as global supply increases, undermining a rally that pushed the price of

- Steel reinforcement-bar futures in Shanghai traded near a six-

Metals Prices:

-- Copper gained 0.8 percent to $8,118 a metric ton at 7:22 a.m.
on the London Metal Exchange. Relative strength index 58.
-- Aluminum rose 0.3 percent to $2,045.75 a ton. RSI 46.
-- Nickel jumped 0.6 percent to $17,504 a ton. RSI 52.
-- Lead advanced 0.6 percent to $2,313.50 a ton. RSI 53.
-- Tin was up 0.2 percent at $25,040 a ton. RSI 74.
-- Zinc climbed 0.6 percent to $2,044.75 a ton. RSI 53.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.77           -0.3        0.0
Crude Oil            $95.68            0.1        4.2
Gold              $1,694.09            0.2        1.1
MSCI World Index   1,391.23            0.1        3.9

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
GE ZEW Survey Econ. Sentiment        12.0      6.9      10:00
US Existing Home Sales               5.10M     5.04M    15:00
US Existing Home Sales %              1.2%     5.9%     15:00
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