XM does not provide services to residents of the United States of America.

Copper edges up on China stimulus hopes



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>METALS-Copper edges up on China stimulus hopes</title></head><body>

Recasts, updates prices at 0410 GMT

NEW DELHI, Dec 12 (Reuters) -London copper prices nudged higher on Thursday amid expectation of stimulus measures from top consumer China in the wake of the recent announcement that policymakers would do more for the economy.

However, a steady U.S. dollar kept gains in check.

Three-month copper on the London Metal Exchange (LME) CMCU3 was up 0.5% at $9,241 per metric ton, as of 0410 GMT.

The most-traded January copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 was up 0.01% to 75,500 yuan ($10,396.01) a ton.

The focus is on China's Central Economic Work Conference meeting this week for more clarity on key targets and potential stimulus measures for next year.

China earlier this week said it would switch to an "appropriately loose" monetary policy stance, and "more proactive" fiscal levers next year.

Meanwhile, the U.S. dollar traded in a narrow range on Thursday after hitting a two-week high in the previous session, supported by a rise in U.S. Treasury yields, even as market players bet the U.S. Federal Reserve will cut interest rates next week. FRX/

A strong greenback makes dollar-priced metals more expensive for holders of other currencies.

Separately, Reuters reported China was considering allowing a weaker currency next year as the country braces for higher trade tariffs in a second Donald Trump presidency.

"Reports that China is considering a weaker CNY (yuan) to defend against U.S. import tariffs weighed on the market sentiment, as this could lead to capital outflows and a declining equity market," ANZ Research said in a note.

LME aluminium CMAL3 was up 0.6% at $2,617.5 a ton, nickel CMNI3 gained 1.4% to $16,080, zinc CMZN3 was up 0.2% at $3,130.5, lead CMPB3 nudged 0.2% lower to $2,038.5 and tin CMSN3 gained 0.1% to $29,995.

SHFE aluminium SAFcv1 edged up 0.7% to 20,515 yuan a ton, nickel SNIcv1 was up 2.9% at 128,950 yuan, tin SSNcv1 added 1.1% to 251,490 yuan, while zinc SZNcv1 rose 0.3% to 25,985 yuan and lead SPBcv1 dropped 0.7% to 17,530 yuan.

For the top stories in metals and other news, click

TOP/MTL or MET/L



($1 = 7.2624 Chinese yuan)



Reporting by Neha Arora; Editing by Sonia Cheema

 For related news and prices, click on the codes in brackets: LME price overview RING= COMEX copper futures 0#HG: All metals news MTL All commodities news C 
Foreign exchange rates FX=SPEED GUIDES LME/INDEX
</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.