Sept. 7 (Bloomberg) –Copper gained for the first day in five on concern that production may decline amid strike threats at mines in Peru and Indonesia, worsening a global shortage.
Market News:
Metals News:
Metal Prices:
-- Copper rose $99, or 1.1 percent, to $9,032 a metric ton by
7:46 a.m. on the London Metal Exchange. Relative Strength Index
48.1.
-- Aluminum gained 1 percent to $2,403 a ton. RSI 46.2.
-- Zinc gained 1.7 percent to $2,223 a ton. RSI 48.
-- Lead jumped 1.7 percent to $2,425 a ton. RSI 48.1.
-- Nickel advanced 2.3 percent to $21,150 a ton. RSI 43.3.
-- Tin was up 1 percent at $24,085 a ton. RSI 46.3.
Other markets:
Last % Change % YTD
U.S. Dollar Index 75.512 -0.5 -4.5
Crude oil $86.93 1.1 -4.9
Gold $1,837.68 -2.0 29.4
MSCI World Index 1,146.41 0.4 -10.4
Economic events:
Forecast Prior Time
(London)
Germany Industrial Production MoM JUL 0.5% -1.1% 11:00
U.S. MBA Mortgage Applications SEPT 2 -- -9.6% 12:00
Bank of Canada Rate 1.0% 1.0% 14:00
U.S. Fed's Biege Book 19:00
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