LIVE FUTURES REPORT 13/10: LME base metals prices follow US equities lower

London Metal Exchange three-month base metals prices with the exception of aluminium were lower at the close on Tuesday October 13, following the downward course of United States equities markets over the course of the day.

The Dow Jones Industrial Average shed more than 100 points or 0.3% on Tuesday amid news that coronavirus cases in the US had exceeded 8 million on the same day. A stronger dollar also capped the upward price momentum at today’s afternoon kerb. The US dollar index was trading up 0.44% around 93.48 during the afternoon, acting as an effective headwind for LME three-month base metals prices. The LME base metals complex shed gains made in previous days after China’s return to market from the...

Published

Amy Hinton

October 13, 2020

16:47 GMT

London