Copper Falls in London on Slower Growth in Japan: LME Preview

By Anna Stablum

Dec. 9 (Bloomberg) -- Copper fell for a fifth day in London, posting the longest losing streak since July, as Japan’s economy grew less than expected in the third quarter and concern mounted about Greece’s ability to meet debt commitments.

Market News:

Metals News:

Metals Prices:

-- Copper declined 0.8 percent to $6,920 a metric ton on the
LME at 8:21 a.m. Relative Strength Index 55.
-- Aluminum dropped 0.9 to $2,143 a ton. RSI 64.
-- Zinc shed 1.2 percent to $2,300 a ton. RSI 53.
-- Lead fell 0.2 percent to $2,282 a ton. RSI 46.
-- Nickel little changed at $16,150 a ton. RSI 40.
-- Tin eased 0.7 percent to $15,050 a ton. RSI 51.

Other markets:      Last           % Change  % YTD
Dollar Index        76.079          -0.2     -6.4
Crude oil           $73.38           1.1       65
Gold                $1,134.30        0.5       29
MSCI World Index    1,148.98        -0.2       25

Economic Events:
                                Forecast       Prior     Time
                                                      (London)
U.S.  MBA Mortgage Applications                  2.1%     12:00
UK Pre-Budget Report Published                            12:30
U.S. Wholesale Inventories        -0.5%          -0.9%    15:00
JN   Machine Orders (MoM)         -4.4% 0.7%     10.5%    23:50

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