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DJ Metals Rally Amid Risk-On Mood -- Market Talk

· 02/05/2021 05:03

1003 GMT - Base metals jump as investors' appetite for riskier assets returns amid hopes for the U.S. economy and stimulus measures. Three-month copper on the LME rises 1.3% to $7,912 a metric ton, aluminum gains 0.8% to $2,011 a ton and nickel rose 1.7% to $17,905 a ton. Global markets see riskier assets--such as stocks, oil and base metals--rising in tandem. "Risk appetite continued to surge in response to more vaccines being available in the U.S. and better-than-expected initial unemployment claims," says TD Securities. Investors are also hopeful that the Biden administration can pass another round of stimulus measures, providing extra support to the U.S. economy. (william.horner@wsj.com)

(END) Dow Jones Newswires

February 05, 2021 05:03 ET (10:03 GMT)

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