0719 GMT – Metal prices are mixed in early trading, with markets taking stock after a tumultuous period. Three-month copper is down 0.3% to $8,964.50 a metric ton while nickel is up 0.5% to $23,915 a ton. Gold meanwhile is 0.1% higher at $1,956.20 a troy ounce. “Investors feel more optimistic about bank risks and crude oil’s recovery is rippling through commodity and currency markets,” says Dave Whitcomb, head of research at Peak Trading Research. WTI rallied above $70 a barrel yesterday, having fallen into the $60 range last week, amid the worries rippling through the banking sector. Whitcomb also notes that there are few major macro data points this week, with markets looking to Friday’s PCE inflation data. (yusuf.khan@wsj.com)
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