Zinc down, Copper Drops in London as Economic Growth Concerns Persist: LME Preview By Chanyaporn Chanjaroen - Jul 14, 2010
Copper fell in London as concerns about the strength of the global economic recovery persist. Aluminum and nickel also declined.
-- Copper fell 0.5 percent to $6,651.50 a metric ton on the London Metal Exchange at 7:10 a.m. Relative Strength Index 50.9. -- Aluminum dropped 0.1 percent to $1,993 a ton. RSI 51. -- Zinc declined 1.2 percent at $1,843 a ton. RSI 49.9. -- Lead lost 0.7 percent at $1,812 a ton. RSI 51.7. -- Nickel slid 0.4 percent to $19,475 a ton. RSI 48. -- Tin fell 0.6 percent to $17,900 a ton. RSI 54.9.
Other markets: Last % Change % YTD U.S. Dollar Index 83.589 0.1 7.4 Crude oil $76.87 -0.4 -3.1 Gold $1,212.35 0.0 10.5 MSCI World Index 1,111.98 0.3 -4.8
Economic Events: Forecast Prior Time (London)
Euro zone June CPI 0.0% 0.1% 10:00 Euro zone May Indus. Production 1.2% 0.9% 10:00 U.S. June Advance retail sales -0.3% -1.2% 13:30 U.S. business inventories 0.2% 0.4% 15:00 Minutes of FOMC meeting 19:00
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