Copper Climbs as Greece Moves Closer to Debt Swap: LME Preview

Mar. 8 (Bloomberg)-Copper rose in London as Greece moved closer to a restructuring of its debts, reviving speculation that demand for industrial metals will advance.

Market News:

Metals News:

Metals Prices:
-- Copper rose 0.6 percent to $8,346 a metric ton at 7:29 a.m.
on the London Metal Exchange. Relative Strength Index 46.
-- Aluminum was up 0.5 percent at $2,220 a ton. RSI 45.
-- Zinc climbed 0.8 percent to $2,031 a ton. RSI 46.
-- Lead gained 0.9 percent to $2,108 a ton. RSI 46.
-- Nickel was up 1.2 percent at $19,125 a ton. RSI 40.
-- Tin advanced 0.2 percent to $22,300 a ton. RSI 38.

Other Markets:         Last          % Change   % YTD

U.S. Dollar Index     79.62           -0.1       -0.7
Crude Oil           $106.30            0.1        7.6
Gold              $1,688.07            0.2        8.0
MSCI World Index   1,274.69            0.3        7.8

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
GE Industrial Production               1.1%      -2.9%    11:00
UK BOE Announces Rates                 0.5%       0.5%    12:00
EC ECB Announces Rates                 1.0%       1.0%    12:45
CA Housing Starts                      200K       198K    13:15
US Initial Jobless Claims              351K       351K    13:30