Sept. 8 (Bloomberg) –Copper may decline as the market waits for details of U.S. President Barack Obama’s plan to provide more than $300 billion in economic stimulus.
Market News:
Metals News:
Metal Prices:
-- Copper fell $12, or 0.1 percent, to $9,087 a metric ton by
7:50 a.m. on the London Metal Exchange. Relative Strength Index
49.8.
-- Aluminum declined 0.3 percent to $2,398 a ton. RSI 45.6.
-- Zinc dropped 0.6 percent to $2,227 a ton. RSI 48.4.
-- Lead was little-changed at $2,416 a ton. RSI 47.3.
-- Nickel advanced 0.3 percent to $21,831 a ton. RSI 50.1.
-- Tin was down 0.4 percent at $24,275 a ton. RSI 48.4.
Other markets:
Last % Change % YTD
U.S. Dollar Index 75.570 0.1 -4.4
Crude oil $89.37 0.03 -2.2
Gold $1,843.50 1.4 29.8
MSCI World Index 1,174.55 0.1 -8.2
Economic events:
Forecast Prior Time
(London)
ECB Announces Interest Rates 1.50% 1.50% 12:45
U.S. Trade Balance JUL -$51.0B -$53.1B 13:30
U.S. Initial Jobless Claims SEPT 3 405K 409K 13:30
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