Feb. 20 (Bloomberg) –Copper climbed in London after China, the world's largest buyer of the metal, lowered the bank reserve requirement by half a percentage point, fueling speculation about more cuts that may boost demand for metals.
Market News:
Metals News:
Metals Prices:
-- Copper rose 1.3 percent to $8,282 a metric ton at 7:26
a.m. on the London Metal Exchange. Relative Strength Index 50.
-- Aluminum gained 0.8 percent to $2,181 a ton. RSI 47.
-- Zinc was up 2.6 percent at $1,996 a ton. RSI 45.
-- Lead increased 1.4 percent to $2,073 a ton. RSI 44.
-- Nickel jumped 1.4 percent to 19,900 a ton. RSI 44.
-- Tin climbed 2.1 percent to $23,950 a ton. RSI 55.
Other Markets: Last % Change % YTD
U.S. Dollar Index 79.06 -0.3 -1.4
Crude Oil $104.84 1.6 6.1
Gold $1,735.35 0.7 11.0
MSCI World Index 1,292.01 0.3 9.3
Economic Events:
Forecast Prior Time
(London)
IT Industrial Orders 0.4% 0.1% 09:00
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