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Copper Falls for a Second Day as Equities Decline: LME Preview
Feb 22,2011 16:28CST
industry news
Source:SMM

Feb. 22 (Bloomberg) --Copper fell for a second day as declines in equity markets cooled demand expectations.

-- Copper dropped $150.50, or 1.5 percent, to $9,659.50 a metric ton by 7:58 a.m. on the London Metal Exchange. Relative Strength Index 49.
-- Aluminum fell 0.9 percent to $2,557.50 a ton. RSI 59.
-- Zinc declined 2.7 percent to $2,526 a ton. RSI 57.
-- Lead decreased 1.7 percent to $2,628.50 a ton. RSI 57.
-- Nickel slipped 0.8 percent to $29,062 a ton. RSI 68.
-- Tin retreated 1.1 percent to $31,980 a ton. RSI 69.

Other markets:         Last          % Change    % YTD
U.S. Dollar Index     78.18             0.6     -1.1
Brent Crude Oil     $107.94             2.1     14.0
Gold              $1,400.80            -0.4     -1.4
MSCI World Index   1,351.52            -0.5      5.6

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
US S&P/CS 20 City                   -0.5%       -0.54%   14:00
US Consumer Confidence               65.0        65.6    15:00
US Richmond Fed Manuf. Index         18          18      15:00

 


 

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