Sept. 26 (Bloomberg) –Copper on the London Metal Exchange plunged below $7,000 a metric ton, to the lowest since July 2010, on speculation Europe’s debt crisis will worsen, curbing demand for raw materials.
Market News:
Metals News:
Metal Prices:
-- Copper dropped $507.25, or 6.9 percent, to $6,852.25 a metric
ton by 7:41 a.m. on the London Metal Exchange. Relative Strength
Index 13.81.
-- Aluminum declined 2.2 percent to $2,156 a ton. RSI 21.9.
-- Zinc dropped 4.6 percent to $1,822 a ton. RSI 21.2.
-- Lead plunged 5.9 percent to $1,840 a ton. RSI 20.9.
-- Nickel fell 6.1 percent to $17,150 a ton. RSI 24.5.
-- Tin dropped 7.7 percent to $18,650 a ton. RSI 20.3.
Other markets:
Last % Change % YTD
U.S. Dollar Index 78.801 0.4 -0.3
Crude oil $77.17 -3.4 -15.6
Gold $1,551.53 -6.4 9.1
MSCI World Index 1,087.83 -0.7 -15.0
Economic events:
Forecast Prior Time
(London)
Germany IFO Business Climate SEP 106.5 108.7 9:00
Italy Consumer Confidence Ind. SEP 98.5 100.3 9:00
U.S. New Home Sales AUG 294K 298K 15:00
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