Nickel Falls to 3-Week Low on LME on China Property: LME Preview

Nickel dropped to a three-week low in London after China Business News said the government may impose real-estate curbs next month.

Market News:

-- China’s stocks fell the most in a month after valuations for

-- European Union car sales fell to a record low, with Ford

-- The yen strengthened for the first time in three days after Japan’s finance minister raised doubts about buying foreign

-- Germany is insisting that the euro region’s rescue fund plays

-- The options market is signaling that the threat of a breakup

-- Japanese Finance Minister Taro Aso said the government has no

Metals News:

-- “Widespread” stayaway by workers at Anglo American Platinum’s

-- Iron ore is poised to decline in the next two months as prices near the highest level since October 2011 discourage

-- Mitsubishi Materials Corp., Japan’s third-largest copper

-- Arrium Ltd., Australia’s second-largest steelmaker, reported

-- Steel reinforcement-bar futures rose in Shanghai from the

Metals Prices:

-- Copper declined 0.3 percent at $8,098.25 a metric at 7:37
a.m. on the London Metal Exchange. Relative strength index 47.
-- Aluminum slipped 0.4 percent to $2,109 a ton. RSI 53.
-- Nickel dropped 0.6 percent to $17,750 a ton. RSI 45.
-- Lead slipped 0.4 percent to $2,381.75 a ton. RSI 50.
-- Tin was down 1.7 percent at $23,900 a ton. RSI 45.
-- Zinc fell 0.4 percent to $2,146.50 a ton. RSI 54.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     80.58           -0.1        1.0
Crude Oil            $95.40           -0.5        3.9
Gold              $1,613.77            0.2       -3.7
MSCI World Index   1,409.18            0.1        5.3

Economic Events:
                                    Survey    Prior      Time
GE Zew Survey                        35        31.5     10:00
EC Construction Output               --        -0.4%    10:00
Before it's here, it's on the Bloomberg Terminal.