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Copper Falls in London Trading on Speculation of Slowdown: LME Preview
Sep 29,2010 11:59CST
industry news
Source:SMM

Sep 28 (Bloomberg) -- Copper fell for a second day in London on speculation European government debts and slowing economic growth will derail a global recovery.

-- Copper dropped $47.50, or 0.6 percent, to $7,862.50 a metric
ton on the London Metal Exchange at 8:03 a.m. Relative Strength
Index 65.8.
-- Aluminum fell 0.6 percent to $2,280 a ton. RSI 65.3.
-- Zinc declined 1 percent to $2,186 a ton. RSI 54.5.
-- Lead lost 0.6 percent to $2,255 a ton. RSI 59.3.
-- Nickel decreased 0.4 percent to $22,995 a ton. RSI 58.8.
-- Tin fell 0.2 percent to $23,600 a ton. RSI 68.5.

Other markets:               Last           % Change   % YTD
U.S. Dollar Index           79.486            0.3       2.4
Crude oil                   $76.11           -0.5      -4.1
Gold                     $1,292.95           -0.1      18
MSCI World Index          1,175.71           -0.4       0.6

Economic Events:
                                 Forecast       Prior     Time
                                                       (London)

U.K. GDP                          1.2%          1.2%       9:30
U.S. S&P/CS 20-City Home Prices   3.1%          4.2%      14:00
U.S. Consumer Confidence          52.1          53.5K     15:00

  
                



 

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