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Copper Is Little Changed in London Before U.S., German Data

Saturday, Sep 25, 2010
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Copper was little changed in London ahead of the U.S. durable goods orders and German IFO business climate report, which may show global growth is slowing.


-- Copper rose $16, or 0.2 percent, to $7,901 a metric ton on the London Metal Exchange at 7:53 a.m. Relative Strength Index 67.6.


-- Aluminum fell $1 to $2,291 a ton. RSI 70.


-- Zinc rose $1 to $2,251 a ton. RSI 62.6.


-- Lead rose $18 to $2,293 a ton. RSI 65.


-- Nickel gained $75 to $22,825 a ton. RSI 57.2.


-- Tin dropped $245, or 1 percent, to $23,450 a ton. RSI 69.9.


Other markets:      Last           % Change   % YTD


U.S. Dollar Index   80.023          -0.1        2.8


Crude oil           $74.95          -0.3       -5.6


Gold                $1,294.2         0.1         18


MSCI World Index    1,161.41        -0.2        0.6


Economic Events:                                   Forecast     Prior     Time     (London)


Germany IFO business climate index    106.4       106.7      9:00


U.S. durable goods new orders              -1.0%       0.4%     13:30


U.S. new home sales                                295K       276K      15:00

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