The Bloomberg Commodity Index was little changed in early trading this morning (+0.11%), however year-to-date the index is down 14.03%.
- In London, LME 3-mo. copper and aluminum closed yesterday at $6,435/mt and $1,718.50/mt, respectively, while 3-mo. nickel was recently trading up around $13,734/mt. All three commodities higher than the prior week.
- In New York, NYMEX crude oil futures dipped to $40.19 per barrel pre-opening and then rose nearly $1 during early trading.
- On Wall Street, the major U.S. stock indexes opened higher following modest gains as did the Asian exchanges. European exchanges were mixed, with France and Germany slightly down.
- In foreign exchange trading, the dollar showed a mixed strength against most major trading rivals, but increased against the euro to $1.1742 and the British pound was buying $1.3033.