Dec.16 (Bloomberg) --Copper advanced, trimming weekly declines, as inventories monitored by the London Metal Exchange headed for an 11th weekly decline and better-than-expected U.S. jobless claims and manufacturing data boosted demand outlook.
Market News:
Metals News:
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Metal Prices:
-- Copper jumped 2 percent to $7,355 a metric ton by 7:35 a.m.
on the London Metal Exchange. Relative Strength Index 43.06.
-- Aluminum gained 1.6 percent to $2,007.25 a ton. RSI 41.2.
-- Zinc advanced 2.7 percent to $1,895 a ton. RSI 43.3.
-- Lead rose 2 percent to $2,015 a ton. RSI 45.7.
-- Nickel gained 1 percent to $18,065 a ton. RSI 50.4.
-- Tin jumped 1.5 percent to $18,850 a ton. RSI 34.3.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 80.217 -0.02 1.5
Crude oil $94.17 0.3 3.0
Gold $1,593.84 1.5 12.2
MSCI World Index 1,144.52 0.2 -10.6
Economic Events:
Forecast Prior Time
(London)
U.S. CPI MoM NOV 0.1% -0.1% 13:30
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