Feb. 6 (Bloomberg) --Copper dropped after the International Monetary Fund said economic expansion in China, the biggest metals consumer, will be cut almost in half if Europe’s debt crisis worsens.
Market News:
Metals News:
Metal Prices:
-- Copper fell 0.3 percent to $8,542 a metric ton by 7:52
a.m. on the London Metal Exchange. Relative Strength Index 63.
-- Aluminum gained 0.4 percent at $2,255 a ton. RSI 59.
-- Zinc was little changed at $2,154 a ton. RSI 64.
-- Lead rose 0.2 percent to $2,230 a ton. RSI 58.
-- Nickel fell 0.4 percent to $21,230 a ton. RSI 64.
-- Tin dropped 0.9 percent to $24,180 a ton. RSI 72.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.289 0.4 -1.1
Crude oil $97.33 -0.5 -1.5
Gold $1,731.13 0.3 10.7
MSCI World Index 1,274.39 0.1 7.8
Economic Events:
Forecast Prior Time
(London)
EC Sentix Investor Confidence FEB -15.0 -21.1 9:30
Germany factory orders MoM DEC 1.0% -4.8% 11:00
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