Oct. 26 (Bloomberg) –Copper climbed in London on speculation of more demand in China, the world’s biggest buyer of the metal, after Premier Wen Jiabao said economic policy will be adjusted at a “suitable time.”
Market News:
Metals News:
Metals Prices:
-- Copper rose $220, or 2.9 percent, to $7,750 a metric ton at
7:19 a.m. on the London Metal Exchange. Relative Strength
Index 53.
-- Aluminum gained 0.9 percent to $2,245 a ton. RSI 51.
-- Zinc was up 2.6 percent at $1,890.25 a ton. RSI 47.
-- Lead climbed 1.9 percent to $2,000 a ton. RSI 48.
-- Nickel advanced 0.9 percent to $19,930 a ton. RSI 54.
-- Tin hasn’t traded.
Other markets: Last % Change % YTD
U.S. Dollar Index 76.18 0.1 -3.6
Crude Oil $93.51 0.4 2.4
Gold $1,718.43 0.8 20.9
MSCI World Index 1,196.13 0.0 -6.6
Economic Events:
Forecast Prior Time
(London)
IT Business Confidence 94.0 94.5 09:00
US Durable Goods Orders -1.0% -0.1% 13:30
US New Home Sales 300K 295K 15:00
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