BLBG: Copper Extends Gains to Record on China’s Growth
Copper extended gains to a record in London as manufacturing in China added to signs of growth in industrial metals demand.
Market News:
Metals News:
Metal Prices:
-- Copper rose $110, or 1.1 percent, to $9,855 a metric ton
by 7:14 a.m. on the London Metal Exchange after earlier today
climbing to the all-time high of $9,860. Relative Strength
Index 64.
-- Aluminum gained 0.4 percent to $2,529 a ton. RSI 63.
-- Zinc climbed 0.3 percent to $2,435 a ton. RSI 57.
-- Lead increased 1 percent to $2,536 a ton. RSI 54.
-- Nickel jumped 1.3 percent to $27,701 a ton. RSI 73.
-- Tin advanced 0.7 percent to $30,300 a ton. RSI 85.
Other markets: Last % Change % YTD
U.S. Dollar Index 77.56 -0.2 -1.9
Crude oil $92.18 0.0 0.9
Gold $1,337.13 0.3 -5.9
MSCI World Index 1,309.65 0.1 1.6
Economic Events:
Forecast Prior Time
(London)
GE PMI Manufacturing 60.2 60.2 08:55
EC PMI Manufacturing 56.9 -- 09:00
U.S. Construction Spending 0.1% 0.4% 15:00
U.S. ISM Manufacturing 58.0 58.5 15:00
ABC Consumer Confidence -43 -44 22:00
U.S. Vehicle Sales 12.6M 12.53M 22:00
To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@abloomberg.net
