Copper Advances as U.S. Data May Signal Demand: LME Preview

Dec.22 (Bloomberg) --Copper climbed for a third day, set for the best run of gains since October, ahead of reports that may show U.S. consumer confidence and spending gained, boosting demand outlook for the metal used in pipes and wires.

Market News:

Metals News:

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Metal Prices:
-- Copper rose $30, or 0.4 percent, to $7,489 a metric ton by
7:40 a.m. on the London Metal Exchange. Relative Strength
Index 48.3.
-- Aluminum gained 0.2 percent to $1,997.50 a ton. RSI 42.5.
-- Zinc advanced 1 percent to $1,867 a ton. RSI 43.1.
-- Lead rose 0.1 percent to $1,968 a ton. RSI 42.2.
-- Nickel declined 0.2 percent to $18,940 a ton. RSI 57.4.
-- Tin fell 0.5 percent to $19,100 a ton. RSI 39.2.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   79.897           -0.1            1.1
Crude oil           $98.99            0.3            8.3
Gold                $1,610.45        -0.3           13.4
MSCI World Index    1,163.79          0.0           -9.1


Economic Events:
                                      Forecast  Prior     Time
                                                        (London)
U.S. GDP QoQ                   3Q       2.0%       2.0%   13:30
U.S. Initial Jobless Claims  DEC 17     380K       366K   13:30
U.S. U. of Michigan Confidence DEC      68.0       67.7   14:55
U.S. Leading Indicators        NOV      0.3%       0.9%   15:00
U.S. House Price Index MoM     OCT      0.2%       0.9%   15:00