Copper Falls in London as Fed May Start to Withdraw Stimulus: LME Preview

Apr.27 (Bloomberg) –Copper fell for a second day in London as the Federal Reserve may start to withdraw stimulus, raising the risk of slower demand for industrial metals.

Market News:

Metals News:

Metals Prices:

-- Copper fell $83, or 0.9 percent, to $9,462 a metric ton by
7:53 a.m. on the London Metal Exchange. Relative Strength
Index 48.
-- Aluminum dropped 0.2 percent to $2,742 a ton. RSI 65.
-- Zinc was up 0.8 percent at $2,278 a ton. RSI 38.
-- Lead decreased 0.3 percent to $2,550 a ton. RSI 42.
-- Nickel declined 0.7 percent to $26,470 a ton. RSI 50
-- Tin slipped 0.7 percent to $32,500 a ton. RSI 56.

Other markets:         Last          % Change    % YTD

U.S. Dollar Index     73.62            -0.2               -6.8
Crude Oil                $112.34             0.1            22.9
Gold                          $1,508.80             0.2         6.2
MSCI World Index   1,369.47             0.2          7.0

Economic Events:
                                                        Forecast     Prior     Time
                                                                                        (London)

UK GDP                                             0.5%        -0.5%    09:30
EC Industrial New Orders             1.5%         1.2%    10:00
US Durable Goods Orders              2.3%        -0.6%    13:30
US FOMC Rate Decision                0.25%        0.25%   17:30
US Bernanke Press Conference          --            --    19:15