Sept. 13 (Bloomberg) –Copper advanced for the first time in three days as workers at Freeport-McMoRan Copper & Gold Inc.’s Peruvian unit may proceed with a strike tomorrow and as concerns over financial instability in Europe eased amid reports that China may invest in Italy.
Market News:
Metals News:
Metal Prices:
-- Copper rose $105.50, or 1.2 percent, to $8,860 a metric ton
by 7:36 a.m. on the London Metal Exchange. Relative Strength
Index 43.9.
-- Aluminum gained 1 percent to $2,395 a ton. RSI 46.6.
-- Zinc dropped 0.2 percent to $2,209 a ton. RSI 46.9.
-- Lead rose 0.3 percent to $2,430 a ton. RSI 48.4.
-- Nickel was little changed at $21,597 a ton. RSI 48.1.
-- Tin was up 0.6 percent at $23,600 a ton. RSI 42.8.
Other markets:
Last % Change % YTD
U.S. Dollar Index 77.127 -0.6 -2.4
Crude oil $88.91 0.8 -2.7
Gold $1,829.70 0.8 28.8
MSCI World Index 1,125.91 0.3 -12.0
Economic events:
Forecast Prior Time
(London)
U.K. CPI MoM AUG 0.6% 0.0% 9:30
U.S. NFIB Small Business Optimism AUG 88.0 89.9 12:30
U.S. Import Price Index MoM AUG -0.8% 0.3% 13:30
U.S. Monthly Budget Statement AUG -$132.0B -$90.5B 19:00
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