Feb. 29 (Bloomberg) –Copper rose in London, heading for a second monthly gain, as economic data signaled global growth, boosting the demand outlook for the metal.
Market News:
Metals News:
Metal Prices:
-- Copper gained 0.4 percent to $8,632.50 a metric ton by 7:49
a.m. on the London Metal Exchange. Relative Strength Index 61.
-- Aluminum rose 0.8 percent to $2,344 a ton. RSI 65.
-- Zinc climbed 0.2 percent to $2,128 a ton. RSI 59.
-- Lead gained 0.2 percent to $2,260 a ton. RSI 62.
-- Nickel jumped 1.7 percent to $20,120 a ton. RSI 48.
-- Tin was little changed at $24,060 a ton. RSI 55.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 78.154 -0.1 -2.5
Crude oil $107.04 0.5 8.3
Gold $1,787.40 0.2 14.3
MSCI World Index 1,305.52 0.2 10.4
Economic Events:
Forecast Prior Time
(London)
Germany Unemployment Change (000s) FEB -5K -34K 8:55
U.S. MBA Mortgage Applications FEB 24 -- -4.5% 12:00
U.S. GDP QoQ 4Q 2.8% 2.8% 13:30
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