May 22 (Bloomberg) - Copper gained to the highest level in a week as the Chinese government seeks to spur its economy and data signaled the world’s second-biggest economy may avoid a deeper slowdown, improving the demand outlook for metals.
Market News:
Metals News:
Metal Prices:
-- Copper rose 0.8 percent to $7,790 a metric ton by 7:35
a.m. on the London Metal Exchange. Relative Strength Index 39.
-- Aluminum was little-changed at $2,046.75 a ton. RSI 42.
-- Zinc was little-changed at $1,906 a ton. RSI 37.
-- Lead gained 0.5 percent to $1,950.50 a ton. RSI 37.
-- Nickel rose 0.1 percent to $17,205 a ton. RSI 45.
-- Tin jumped 1 percent to $19,450 a ton. RSI 32.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 81.036 -0.1 1.1
Crude oil $92.92 0.4 -6.0
Gold $1,588.29 -0.3 1.6
MSCI World Index 1,194.47 0.3 1.0
Economic Events:
Forecast Prior Time
(London)
EC OECD Economic Outlook 10:00
Euro-zone Consumer Confidence MAY -20.5 -19.9 15:00
Richmond Fed Manufact. Index MAY 11 14 15:00
U.S. Existing Home Sales APR 4.61M 4.48M 15:00
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