Copper Climbs in London as Lower Dollar Index Spurs Demand: LME Preview

Sep 29 (Bloomberg) --
 

Copper rose in London after the Dollar Index fell to a seven-month low, buoying the demand outlook for commodities.

-- Copper rose $87, or 1.1 percent, to $8,036.75 a metric ton on
the London Metal Exchange at 8:04 a.m. local time. Relative
Strength Index 69.4.
-- Aluminum gained 0.5 percent to $2,321 a ton. RSI 69.3.
-- Zinc added 0.2 percent to $2,225 a ton. RSI 56.
-- Lead rose 1.3 percent to $2,310 a ton. RSI 62.5.
-- Nickel gained 0.9 percent to $23,375 a ton. RSI 61.4.
-- Tin rose 1 percent to $24,235 a ton. RSI 73.5.

Other markets:      Last           % Change   % YTD
U.S. Dollar Index   78.861          -0.2        1.3
Crude oil           $76.44           0.3       -3.7
Gold                $1,310.95        0.2        19.5
MSCI World Index    1,186.2          0.2        1.5

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)

Italy business confidence            100.1      100.5       8:30
Euro-zone consumer confidence
indicator                             -11        -11       10:00
MBA U.S. mortgage applications        --        -1.4%      12:00