Copper Gains in London on China, Before U.S. Jobs: LME Preview

Copper climbed in London on signs of manufacturing growth in China and before the U.S. jobs report that economists say will show more progress in the labor market.

Market News:

-- The yen weakened below 92 against the dollar for the first time since 2010, dragging Asian currencies lower. The region’s

-- Investors are snapping up commodities at the fastest pace in

-- An explosion that ripped through the headquarters of

-- A gauge of Australian manufacturing fell to a 3 1/2-year low

Metals News:

-- Gecamines, Democratic Republic of Congo’s state-owned mining

-- Gold may have a sharp rally as investors seek so-called real

Metals Prices:

-- Copper advanced 0.7 percent to $8,225 a metric at 7:14
a.m. on the London Metal Exchange. Relative strength index 61.
-- Aluminum climbed 0.3 percent to $2,097 a ton. RSI 56.
-- Nickel increased 0.4 percent at $18,395 a ton. RSI 67.
-- Lead dropped 0.2 percent to $2,426 a ton. RSI 63.
-- Tin was unchanged at $24,770 a ton. RSI 60.
-- Zinc fell 0.4 percent to $2,137 a ton. RSI 65.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.13           -0.1       -0.8
Crude Oil            $97.53            0.0        6.2
Gold              $1,663.05            0.0       -0.7
MSCI World Index   1,405.86            0.0        5.0

Economic Events:
                                    Survey    Prior      Time
                                                        (London)
GE PMI Manufacturing                 48.8      48.8      08:55
US Payrolls Change                   165K      155K      13:30
US Manufacturing Jobs Change          10K       25K      13:30
US Unemployment Rate                  7.8%      7.8%     13:30
US U. of Michigan Confidence         71.5       71.3     14:55
US Construction Spending              0.6%      -0.3%    15:00
US ISM Manufacturing                 50.6       50.2     15:00
US Total Vehicle Sales               15.2M      15.3M    22:00
Before it's here, it's on the Bloomberg Terminal.
LEARN MORE