Copper Advances on Signs of Chinese, Japanese Demand: Overview

By Anna Stablum

Nov. 11 (Bloomberg) -- Copper rose in London after industrial production advanced in China, the world’s largest user of the metal, and on better-than-forecast machinery orders in Japan, the fourth-biggest consumer.

Market News:

Metals News:

Metals Prices:

-- Copper rose 1.1 percent to $6,600 a metric ton on the London
Metal Exchange at 8:27 a.m. Relative Strength Index 57.
-- Aluminum gained 0.5 percent to $1,968.75 a ton. RSI 57.
-- Zinc advanced 0.9 percent to $2,180 a ton. RSI 54.
-- Lead rose 1.2 percent to $2,314.50 a ton. RSI 53.
-- Nickel climbed 0.9 percent to $16,975 a ton. RSI 39.
-- Tin gained 0.3 percent to $14,875 a ton. RSI 52.

Other markets:      Last           % Change  % YTD
Dollar Index        74.791         -0.3        -8
Crude oil           $79.23          0.2        78
Gold                $1,115.40       0.9        26
MSCI World Index    1,162.22        0.5        26

Economic Events:
                               Forecast       Prior     Time
                                                      (London)
UK Jobless Claims                20.0K         20.8K     09:30
Bank of England Inflation Report                         10:30
Bloomberg Global Confidence                    61.7      12:00

To contact the reporter on this story: Anna Stablum in London at astablum@bloomberg.net