Copper Rises as Europe Debt-Crisis Concerns Abate: LME Preview

Sept. 16 (Bloomberg) –Copper climbed for a second day after the European Central Bank and international policy makers coordinated to lend dollars to banks to help tame the credit crisis, boosting demand prospects for industrial metals.

Market News:

Metals News:

Metal Prices:
-- Copper rose $59, or 0.7 percent, to $8,770 a metric ton by
7:52 a.m. on the London Metal Exchange. Relative Strength
Index 42.8.
-- Aluminum gained 0.2 percent to $2,378.25 a ton. RSI 44.7.
-- Zinc fell 0.2 percent to $2,186 a ton. RSI 45.5.
-- Lead rose 0.2 percent to $2,390 a ton. RSI 46.2.
-- Nickel rose 0.1 percent to $21,812 a ton. RSI 50.7.
-- Tin gained 0.2% to $23,650 a ton. RSI 44.3.

Other markets:
                    Last           % Change   % YTD

U.S. Dollar Index   76.400           0.1       -3.3
Crude oil           $89.38          -0.01      -2.2
Gold                $1,768.07       -1.2       24.4
MSCI World Index    1,176.36         0.3       -8.3

Economic events:
                                      Forecast  Prior     Time
                                                        (London)
U.S. U. of Michigan Confidence SEP P    57.0     55.7     14:55
U.S. Flow of Funds                                        17:00