Copper Advances to Two-Week High on U.S. Stimulus: LME Preview

Copper rose to a two-week high in London as economists forecast the U.S. will keep stimulating the economy until the first quarter of next year.

Market News:

-- Federal Reserve Chairman Ben S. Bernanke’s latest round of

-- Asian stocks advanced to a 17-month high, led by Yahoo Japan

-- Deutsche Bank AG will probably report a loss in the fourth

-- Chinese incomes rose faster in the countryside than in cities

-- Japan is set to increase its defense budget for the first

Metals News:

-- Iron ore is poised to decline through the end of March as

-- The world’s biggest mining and steel companies have wiped

-- Sales of American Eagle silver coins by the U.S. Mint jumped

-- Steel reinforcement-bar futures advanced to the highest level

-- Investor holdings in palladium futures have gained for a

Metals Prices:

-- Copper advanced 0.7 percent to $8,160 a metric at 7:34
a.m. on the London Metal Exchange. Relative strength index 58.
-- Aluminum climbed 0.5 percent to $2,070 a ton. RSI 50.
-- Nickel increased 0.2 percent at $17,885 a ton. RSI 60.
-- Lead gained 0.5 percent to $2,416 a ton. RSI 63.
-- Tin was up 0.4 percent at $24,699 a ton. RSI 61.
-- Zinc rose 1.1 percent to $2,117 a ton. RSI 64.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.57            0.0       -0.3
Crude Oil            $97.54            0.0        6.2
Gold              $1,668.05            0.3       -0.4
MSCI World Index   1,412.99            0.2        5.6

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
IT Business Confidence                89.5     88.9      09:00
EC Euro-Zone Consumer Confidence     -23.9    -23.9      10:00
US ADP Employment Change             165K     215K       13:15
US GDP 4Q                             1.1%      3.1%     13:30
US Personal Consumption               2.1%      1.6%     13:30
US FOMC Rate Decision                 0.25%     0.25%    19:15
JN Industrial Production              4.1%     -1.4%     23:50
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