This Morning

In New York, NYMEX crude futures were up over $54/bbl this morning while COMEX copper was little changed around $2.63/lb. In London, base metals lacked direction this morning with LME 3-mo copper and nickel slightly firmer around $5,810/mt and $11,665/mt, respectively, while 3-mo. aluminum eased to $1,753/mt, similar to earlier trading in Shanghai. In equities trading, most of the major bourses in Asia and Europe started the week in positive territory as the trade outlook improved. In foreign exchange trading, the euro was trading around $1.13 this morning while the greenback was buying 108.67 Japanese yen.