Copper climbed for a second day on speculation demand from China and the U.S., the world’s biggest consumers of industrial metals, remains robust, and after hedge funds boosted bets on a rally to the highest since August.
Metal Prices:
– Copper rose 0.3 percent to $8,400 a metric ton by 7:39 a.m. on the London Metal Exchange. Relative Strength Index 49.
— Aluminum gained 0.3 percent to $2,180.75 a ton. RSI 42.
— Zinc dropped 0.1 percent to $2,003 a ton. RSI 42.
— Lead gained 0.2 percent to $1,998 a ton. RSI 38.
— Nickel jumped 0.7 percent to $18,300 a ton. RSI 34.
— Tin advanced 0.2 percent to $22,260 a ton. RSI 39.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.455 0.1 -0.9
Crude oil $106.44 -0.4 7.7
Gold $1,662.59 0.0 6.3
MSCI World Index 1,307.34 -0.1 10.6
Economic events:
Forecast Prior Time
(London)
Germany IFO Business Climate MAR 109.6 109.6 9:00
U.S. Pending Home Sales MoM FEB 1.0% 2.0% 15:00
U.S. Dallas Fed Manuf. Activity MAR 16.0 17.8 15:30
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
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