BLBG:Copper Falls as Europe Crisis May Hurt China Demand: LME Preview
Copper dropped after the International Monetary Fund said economic expansion in China, the biggest metals consumer, will be cut almost in half if Europe’s debt crisis worsens.
Market News:
Metals News:
Metal Prices:
-- Copper fell 0.3 percent to $8,542 a metric ton by 7:52
a.m. on the London Metal Exchange. Relative Strength Index 63.
-- Aluminum gained 0.4 percent at $2,255 a ton. RSI 59.
-- Zinc was little changed at $2,154 a ton. RSI 64.
-- Lead rose 0.2 percent to $2,230 a ton. RSI 58.
-- Nickel fell 0.4 percent to $21,230 a ton. RSI 64.
-- Tin dropped 0.9 percent to $24,180 a ton. RSI 72.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.289 0.4 -1.1
Crude oil $97.33 -0.5 -1.5
Gold $1,731.13 0.3 10.7
MSCI World Index 1,274.39 0.1 7.8
Economic events:
Forecast Prior Time
(London)
EC Sentix Investor Confidence FEB -15.0 -21.1 9:30
Germany factory orders MoM DEC 1.0% -4.8% 11:00
To contact the reporter on this story:
Maria Kolesnikova in London at
mkolesnikova@bloomberg.net
To contact the editor responsible for this story:
Claudia Carpenter at
ccarpenter2@bloomberg.net
