Jan. 17 (Bloomberg) –Copper advanced to the highest level in more than two months as the economy in China, the biggest metals user, grew faster than predicted and Rio Tinto Group said mined production fell 26 percent in the fourth quarter.
Market News:
Metals News:
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Metal Prices:
-- Copper rose $151, or 1.9 percent, to $8,240 a metric ton
at 7:35 a.m. on the London Metal Exchange. Relative Strength
Index 67.
-- Aluminum gained 1.3 percent to $2,190 a ton. RSI 65.
-- Zinc gained 1.7 percent to $1,993.50 a ton. RSI 63.
-- Lead advanced 1.4 percent to $2,060 a ton. RSI 55.
-- Nickel rose 0.9 percent to $19,600 a ton. RSI 61.
-- Tin jumped 2.1 percent to $21,300 a ton. RSI 64.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 81.021 -0.6 1.1
Crude oil $100.48 1.8 1.7
Gold $1,663.58 1.2 6.4
MSCI World Index 1,206.83 0.4 2.1
Economic Events:
Forecast Prior Time
(London)
Euro-Zone CPI MoM DEC 0.4% 0.1% 10:00
Germany ZEU Economic Sentiment JAN -49.4 -53.8 10:00
U.S. Empire Manufacturing JAN 11.00 9.53 13:30
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