Copper Extends Gains in London Trading on Stimulus Outlook: LME Preview

Copper climbed for a second day in London on speculation the Federal Reserve will join the Bank of Japan in taking steps to stimulate economic growth, boosting demand for industrial metals.

Metal Prices:

-- Copper climbed $118.50, or 1.5 percent, to $8,294 a metric ton on the London Metal Exchange at 8:04 a.m. Relative Strength Index 75.

-- Aluminum rose 0.4 percent to $2,389 a ton. RSI 76.

-- Zinc added 1 percent to $2,334 a ton. RSI 68.

-- Lead gained 1.3 percent to $2,340 a ton. RSI 66.

-- Nickel increased 1.5 percent to $25,090 a ton. RSI 77.

-- Tin jumped 2.2 percent to $26,500 a ton. RSI 84.

Other markets:              Last           % Change   % YTD

U.S. Dollar Index           77.75            -0.1      -0.2

Crude oil                   $82.86            0.1       4.4

Gold                     $1,346.25            0.4       23

MSCI World Index          1,201.71            0.2       2.9

Economic Event：                  Forecast       Prior     Time

Euro-Zone GDP                     1.0%           1.0%     10:00

German Factory Orders             0.9%          -2.2%     11:00

U.S. ADP Employment Change        20K          -10K       13:15