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Copper Rises in London as Fed Meets to Boost Growth: LME Preview
Sep 22,2011 10:13CST
industry news
Source:SMM
Copper rose in London as Federal Reserve policy makers meet to consider ways to boost economic growth.

Sept. 21 (Bloomberg) –Copper rose in London as Federal Reserve policy makers meet to consider ways to boost economic growth.

Market News:

Metals News:

Metals Prices:
-- Copper jumped $61, or 0.7 percent, to $8,366 a metric
ton by 7:46 a.m. on the London Metal Exchange. Relative Strength
Index 32.
-- Aluminum advanced 0.3 percent to $2,332 a ton. RSI 39.
-- Zinc was up 1.6 percent at $2,116 a ton. RSI 41.
-- Lead climbed 0.3 percent to $2,327 a ton. RSI 42.
-- Nickel was up 0.1 percent at $21,245 a ton. RSI 46.
-- Tin gained 1.1 percent to $22,889 a ton. RSI 39.

Other markets:         Last          % Change    % YTD

U.S. Dollar Index     76.99           -0.1     -2.6
Crude Oil            $86.78           -0.2     -5.0
Gold              $1,810.65            0.4     27.4
MSCI World Index   1,162.38            0.1     -9.2

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)

UK Bank of England Meetings                              09:30
UK Public Sector Net Borrowing        11.4B      -2.0B   09:30
US Existing Home Sales                 1.7%      -3.5%   15:00
US FOMC Rate Decision                  0.25%      0.25%  19:15
 

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