
Market and product
Copper Rebounds on China Recovery Optimism
Copper rose, rebounding from thelowest close in almost a month, as recent economic data added tosigns of a recovery in the world’s biggest user of the metal.
MARKET NEWS* RBA Says Aussie ‘Uncomfortably High’ as It Holds Key Rate* Asia Stocks Drop With Aussie as Yen Gains; Copper Rallies* Li Says China Needs 7.2% Growth to Create Jobs as Party Meets* Goldman to BofA Are Said to Trade With SAC After Plea Deal* WTI Fluctuates Near Four-Month Low on U.S. Supply Outlook
METALS NEWS* Gold Snaps Losing Run as U.S. Data May Show Slower Recovery* Iron Ore Exports Climb to China From Australia’s Port Hedland* Rebar Falls on Concern China Property Curbs May Reduce Demand* Barclays Sees Copper Bonds Beat by Power Supplier* China, U.S. Steel-Price Spread Signals Decline: Chart of Day
METALS PRICES* Copper Up 0.5% to $7,182.75/t; RSI 47* Aluminum Up 0.7% to $1,834/t; RSI 45* Nickel Down 0.3% to $14,330/t; RSI 51* Zinc Up 0.4% to $1,931/t; RSI 50* Lead Up 0.2% to $2,163.50/t; RSI 52* Tin Little Changed at $22,706/t; RSI 44
OTHER MARKETS:* Crude Oil Little Changed at $94.59/bbl* Gold Little Changed at $1,314.76/oz* Bloomberg Dollar Index Up 0.1% to 1,013.97* MSCI All-Country World Index Little Changed at 396.83
ECONOMIC EVENTS (All Times London):* 930am U.K. PMI Services* 930am EU Economic Growth Forecasts* 10am EU PPI* 3pm US ISM Non-Manuf. Composite

