Jul. 29 (Bloomberg) –Copper headed for a second monthly gain after BHP Billiton Ltd. canceled shipments from Chile’s Escondida mine, the world’s biggest producer of the metal, as workers vowed to extend a weeklong strike.
Market News:
Metals News:
Metal Prices:
-- Copper fell 0.2 percent to $9,797.50 a metric ton by 8:04
a.m. on the London Metal Exchange. Relative Strength Index 62.2.
-- Aluminum fell 0.6 percent to $2,623 a ton. RSI 59.6.
-- Zinc fell 0.7 percent to $2,502.25 a ton. RSI 63.
-- Lead dropped 0.4 percent to $2,646 a ton. RSI 48.1
-- Nickel fell 0.4 percent to $24,461 a ton. RSI 61.7.
-- Tin rose 0.1 percent to $28,520 a ton. RSI 64.4.
Other markets: Last % Change % YTD
U.S. Dollar Index 74.347 0.3 -5.9
Crude oil $96.96 -0.5 6.1
Gold $1,613.85 -0.1 13.6
MSCI World Index 1,310.49 -0.2 2.4
Economic Events:
Forecast Prior Time
(London)
Eurozone CPI Estimate (YoY) 2.7% 2.7% 10:00
U.S. GDP (2Q) 1.8% 1.9% 13:30
U.S. University of Michigan
Confidence JUL 64.0 63.8 14:55
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