Industrial Metals Rebound From Four-Month Lows: LME Preview

Industrial metals climbed from the lowest level in four months as an 8 percent drop since the start of February lured investors.

Market News:

-- European policy makers must weigh how far to push Cyprus after lawmakers in the Mediterranean nation rejected an

-- Asian stocks swung between gains and losses and Korea’s won weakened to a six-month low as policy makers in the euro region

-- The dollar’s gains against the Swiss franc, seen by UBS AG as

-- China’s railway network became the first test case for

-- Builders began work on more houses in February and permits

Metals News:

-- Copper is poised to decline 2 percent this year as supply

-- Goldman Sachs Group Inc. cut its estimate for iron-ore prices

-- Commodity trade continues to attract sufficient financing amid instability in the Middle East and reduced lending by some

Metals Prices:

-- Copper rose 0.6 percent to $7,572 a metric ton on the London
Metal Exchange. Relative strength index 33.
-- Aluminum advanced 0.2 percent to $1,940 a ton. RSI 35.
-- Nickel gained 0.4 percent to $16,599 a ton. RSI 41.
-- Lead was little changed at $2,170.75 a ton. RSI 32.
-- Tin rose 0.2 percent at $22,900 a ton. RSI 33.
-- Zinc gained 0.3 percent to $1,928 a ton. RSI 28.

Other markets:         Last          % Change   % YTD
U.S. Dollar Index     82.979          -0.01      +4.02
Crude Oil            $92.38           +0.24      +0.61
Gold              $1,613.82           +0.07      -3.67
MSCI ACWI            357.62           -0.06      +5.28

Economic Events:
                                    Survey    Prior      Time
U.K. Jobless Claims Change     FEB   -5.0K    -12.5K      9:30
U.S. MBA Mortgage Applications MAR 15  --      -4.7%     11:00
U.S. FOMC Rate Decision        MAR 20 0.25%    0.25%     18:00
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