Dec.8 (Bloomberg) --Copper may gain in London on speculation that supply will fail to meet demand after Peru, the third-biggest producer, said output dropped 7.4 percent in October because of a strike.
Market News:
Metals News:
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Metal Prices:
-- Copper gained $14.25, or 0.2 percent, to $7,834.25 a metric
ton by 7:32 a.m. on the London Metal Exchange. Relative Strength
Index 55.6.
-- Aluminum rose 0.3 percent to $2,084 a ton. RSI 46.6.
-- Zinc advanced 0.3 percent to $2,032 a ton. RSI 56.9.
-- Lead fell 0.6 percent to $2,135.50 a ton. RSI 60.2.
-- Nickel rose 0.5 percent to $18,135 a ton. RSI 51.9.
-- Tin fell 0.5 percent to $20,400 a ton. RSI 44.1.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 78.353 -0.1 -0.9
Crude oil $100.77 0.3 10.3
Gold $1,738.93 -0.2 22.4
MSCI World Index 1,197.44 0.01 -6.5
Economic events:
Forecast Prior Time
(London)
BOE Announces Rates 0.50% 0.50% 12:00
ECB Announces Interest Rates 1.00% 1.25% 12:45
U.S. Initial Jobless Claims Dec. 3 395K 402K 13:30
Japan GDP QoQ Q3 1.3% 1.5% 23:50
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