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Advertisement

 
BLBG: Copper Slips on Stronger Dollar, Recovery Concern: LME Preview
 
By Anna Stablum

Nov. 17 (Bloomberg) -- Copper slipped from a 13-month high in London as the dollar strengthened after the International Monetary Fund’s chief economist said the global economic recovery may be sluggish.

Market News:

Metals News:


Metals Prices:

-- Copper eased 0.6 percent to $6,809 a metric ton on the
London Metal Exchange at 8:36 a.m. It reached $6,865 yesterday,
the highest intraday price since Sept. 26 last year. Relative
Strength Index 63.
-- Aluminum climbed 0.3 percent to $2,035 a ton. RSI 65.
-- Zinc eased 0.8 percent to $2,262 a ton. RSI 60.
-- Lead fell 1.3 percent to $2,360 a ton. RSI 56.
-- Nickel was 0.1 percent lower at $16,780 a ton. RSI 41.
-- Tin fell 0.6 percent to $14,900 a ton. RSI 53.

Other markets: Last % Change % YTD
Dollar Index 74.997 0.1 -7.8
Crude oil $78.53 -0.5 76
Gold $1,135 -0.4 29
MSCI World Index 1,173.5 -0.2 28

Economic Events:
Forecast Prior Time
(London)
Euro-zone Trade Balance -4.0B 10:00
U.S. Producer Price Index (MoM) 0.5% -0.6% 13:30
U.S. Industrial Production 0.4% 0.7% 14:15
U.S. Capacity Utilization 70.8% 70.5% 14:15
U.S. NAHB Housing Market Index 19 18 18:00
To contact the reporter on this story: Anna Stablum in London at astablum@bloomberg.net

Source