Copper Futures Decline on U.S. Slowdown Concerns: LME Preview

Copper futures capped the longest slump in eight months on signs of weakening demand in the U.S., the world’s second-biggest user of the metal.

MARKET NEWS

METALS NEWS

METALS PRICES

  • Aluminum Down 2.1% to $1,740/mt; RSI 37
  • Copper Down 1.3% to $6,015/mt; RSI 37
  • Nickel Down 1.5% to $12,620/mt; RSI 37
  • Lead Down 2% to $1,950/mt; RSI 45
  • Tin Up 0.3% to $15,600/mt; RSI 43
  • Zinc Down 1.8% to $2,188/mt; RSI 42

OTHER MARKETS

  • Brent Down 0.5% to $65.24/bbl
  • Spot Gold Up 0.4% to $1,194.79/oz
  • Bloomberg Dollar Index Up 0.1% to 1,192.72
  • MSCI All-Country World Index Down 0.7% to 434.51

ECONOMIC EVENTS (All Times London)

  • 00:50 Japan Capital Spending 1Q
  • 02:00 China Manufacturing PMI May
  • 02:45 China HSBC Manufacturing PMI May
  • 08:55 Germany Markit/BME Manufacturing PMI May
  • 09:00 Eurozone Markit Manufacturing PMI May
  • 13:30 U.S. Personal Spending, Income April
  • 14:45 U.S. Markit Manufacturing PMI May
  • 15:00 U.S. ISM Manufacturing PMI May
  • 15:00 U.S. Construction Spending April

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