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Copper at Highest Price in a Month Before EU Summit: LME Preview
Oct 25,2011 17:22CST
industry news
Source:SMM
Copper jumped to the highest price in more than a month as investors anticipated European leaders will hammer out details on enhancing the region’s bailout fund at a summit tomorrow.

Oct. 25 (Bloomberg) –Copper jumped to the highest price in more than a month as investors anticipated European leaders will hammer out details on enhancing the region’s bailout fund at a summit tomorrow.

Market News:

Metals News:

Metal Prices:
-- Copper gained $92.75, or 1.2 percent, to $7,727 a metric ton
by 7:37 a.m. on the London Metal Exchange. Relative Strength
Index 52.6.
-- Aluminum rose 0.9 percent to $2,237.75 a ton. RSI 50.5.
-- Zinc advanced 1.6 percent to $1,906.50 a ton. RSI 47.2.
-- Lead declined 0.2 percent to $2,015 a ton. RSI 48.6.
-- Nickel fell 0.2 percent to $19,950 a ton. RSI 54.6.
-- Tin dropped 0.5 percent to $22,427 a ton. RSI 52.5.

Other markets:

                    Last           % Change   % YTD
U.S. Dollar Index   76.239           0.13      -3.5
Crude oil           $92.04           0.9        0.7
Gold                $1,655.82        0.1       16.5
MSCI World Index    1,211.69        -0.02      -5.4

Economic events:
                                        Forecast  Prior     Time
                                                        (London)
U.S. Consumer Confidence           OCT     46.0    45.4    15:00
U.S. House Price Index MoM         AUG     0.2%    0.8%    15:00
U.S. Richmond Fed Manufact. Index  OCT        0      -6    15:00
 

copper;LME preview

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