Sept. 29 (Bloomberg) –Copper fell for a second day on concern that Europe’s sovereign-debt crisis and the prospects for slower growth in China will hurt demand.
Market News:
Metals News:
Metal Prices:
-- Copper dropped $205, or 2.8 percent, to $7,046 a metric
ton by 7:42 a.m. on the London Metal Exchange. Relative Strength
Index 22.6.
-- Aluminum dropped 0.9 percent to $2,214 a ton. RSI 30.7.
-- Zinc dropped 2.8 percent to $1,887 a ton. RSI 30.3.
-- Lead declined 1.3 percent to $1,982.50 a ton. RSI 32.3.
-- Nickel fell 0.6 percent to $18,400 a ton. RSI 34.
-- Tin gained 1.2 percent to $20,800 a ton. RSI 37.0.
Other markets:
Last % Change % YTD
U.S. Dollar Index 77.769 -0.4 -1.5
Crude oil $81.33 0.1 -11
Gold $1,622.03 0.8 14.2
MSCI World Index 1,121.79 -0.1 -12.4
Economic events:
Forecast Prior Time
(London)
Euro-zone Consumer Confidence SEP F -18.9 -18.9 10:00
U.S. GDP QoQ 2Q 1.2% 1.0% 13:30
U.S. Initial Jobless Claims SEP 24 420K 423K 13:30
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