SINGAPORE, Feb 20 (Reuters) - London copper climbed on
Wednesday from three-week lows hit the session before as merger
activity in the United States and strong German business morale
boosted stock markets and stoked risk appetite.
* Three-month copper on the London Metal Exchange
rose 0.50 percent to $8,090 a tonne by 0131 GMT, reversing
losses of nearly 1 percent in the previous session when it hit a
three-week low of $8,038 a tonne.
* The most-traded May copper contract on the Shanghai
Futures Exchange slipped 0.20 percent to 58,770 yuan
($9,400) a tonne.
* Office Depot Inc, the No. 2 U.S. office supply
retailer, and smaller rival OfficeMax Inc are said to be
in advanced merger talks.
* Miner BHP Billiton appointed the head of its
non-ferrous business as its new chief executive on Wednesday to
replace Marius Kloppers, as it reported an expected 43 percent
drop in half-year profit.
* President Barack Obama renewed pressure on congressional
Republicans to head off budget cuts that are due to begin on
March 1, staging a White House appearance with emergency workers
to illustrate jobs he said were at risk.
* Optimism that the worst of the euro zone debt crisis is
over has helped German investor and analyst sentiment soar to
its highest level in nearly three years this month.
* For the top stories in metals and other news, click , or
* Asian shares edged higher on Wednesday, buoyed by rising
global equities overnight on an improving global economic
outlook, while the yen resumed its decline.
0700 Germany Producer prices
0745 France Business climate index
0900 Italy Industrial orders
1245 U.S. ICSC weekly chain store sales
1330 U.S. Building permits
1330 U.S. Housing starts
1330 U.S. Producer prices
1500 U.S. Consumer confidence
1900 Federal Open Market Committee issues minutes from its
Jan. 29-30 meeting
2130 U.S. API weekly crude stocks
Base metals prices at 0131 GMT
Metal Last Change Pct Move YTD pct chg
LME Cu 8090.00 40.00 +0.50 2.03
SHFE CU FUT MAY3 58770 -120 -0.20 1.89
HG COPPER MAR3 366.65 1.70 +0.47 0.38
LME Alum 2119.00 8.00 +0.38 2.32
SHFE AL FUT MAY3 15120 05 +0.03 -1.47
LME Zinc 2157.00 2.00 +0.09 4.53
SHFE ZN FUT MAY3 15855 310 +1.99 1.99
LME Nickel 17501.00 111.00 +0.64 2.02
LME Lead 2387.00 12.00 +0.51 2.01
SHFE PB FUT 15410.00 -20.00 -0.13 1.05
LME Tin 23905.00 0.00 +0.00 2.16
LME/Shanghai arb^ 332
Shanghai and COMEX contracts show most active months
($1 = 6.2443 Chinese yuan)
(Reporting by Melanie Burton; Editing by Muralikumar
((email@example.com)(+65 6870 3017)(Reuters
Keywords: MARKETS METALS/
(Reuters 3000Xtra subscribers can access Metals Production Database by clicking on URL below http://mpd.session.rservices.com For related news and prices, click on the codes in brackets: LME price overview COMEX copper futures Base metals news All metals news All commodities news Metals diary Foreign exchange rates SPEED GUIDES)
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