Nickel and Tin Advance in London as Copper Declines: LME Preview

Nickel and tin advanced in London as copper and aluminum declined less than 0.1 percent.

Market News:

-- Japanese shares led Asian stocks higher, while the yen traded near a three-year low, as U.S. and Japan policy makers endorsed

-- Boastful chatter among young traders, preserved in digital

-- Federal Reserve Vice Chairman Janet Yellen signaled stimulus may outlast the Fed’s bond purchases, saying the central bank

-- An index of U.K. house prices fell in January as heavy snow

Metals News:

-- ThyssenKrupp AG, Germany’s biggest steelmaker, reported

Metals Prices:

-- Copper fell less than 0.1 percent to $8,193 a metric at 7:18
a.m. on the London Metal Exchange. Relative strength index 54.
-- Aluminum dropped 0.1 percent to $2,102 a ton. RSI 54.
-- Nickel advanced 0.4 percent to $18,237 a ton. RSI 57.
-- Lead declined 0.2 percent to $2,385 a ton. RSI 59.
-- Tin was up 0.2 percent at $24,900 a ton. RSI 59.
-- Zinc fell 0.2 percent to $2,186 a ton. RSI 65.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     80.38            0.1        0.8
Crude Oil            $96.91           -0.1        5.5
Gold              $1,646.15           -0.1       -1.7
MSCI World Index   1,406.52            0.1        5.1

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
FR Current Account                 -3.5B     -2.9B       07:45
UK CIP                             -0.5%      0.5%       09:30
US NFIB Small Business Optimism     89.0     88.0        12:30
US Monthly Budget Statement        -$2.0B   -$27.41B     19:00
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