This Morning

In London, base metal prices were trading higher across the board this morning with LME 3-mo. copper and aluminum recently trading around $5,334/mt and $1,500/mt, respectively. In foreign exchange trading the dollar was softer this morning as the euro advanced to $1.088 while the British pound was buying $1.2205. On Wall Street, stocks rallied higher this morning with the Dow Industrials up more than 3.5% following solid gains at most of the major European bourses.