SINGAPORE, May 20 (Reuters) - London copper slipped on
Monday after a jump in U.S. consumer confidence raised prospects
the country could begin trimming its bond-buying program,
eroding metals' allure for investors, against a backdrop of
slowing growth in top consumer China.
* Three-month copper on the London Metal Exchange
slipped 0.42 percent to $7,278.50 a tonne by 0121 GMT, reversing
small gains made in the previous session.
* Copper snapped a three-week winning streak to end last
week down by around 1 percent and has logged losses of more than
8 percent year-to-date.
* The most-traded September copper contract on the Shanghai
Futures Exchange eased by 0.17 percent to 52,590 yuan
($8,600) a tonne.
* Americans felt better about their economic and financial
prospects in early May as consumer sentiment rose to the highest
level in nearly six years, an encouraging sign after other
recent data had suggested broader U.S. growth is cooling.
* The European Central Bank will keep its loose and
growth-supportive monetary policy stance in place for 'quite a
long time', ECB executive board members said on Friday.
* Hedge funds and money managers trimmed their net shorts in
copper by 3,682 contracts to 13,115 contracts in the week to May
14, a report by the Commodity Futures Trading Commission (CFTC)
showed on Friday.
* For the top stories in metals and other news, click , or
* The U.S. dollar soared against major currencies on Friday
on speculation about the U.S. Fed's bond-buying program and
after the U.S. consumer sentiment data.
* The yen bounced off a 4-1/2 year low against the dollar
early in Asia on Monday in the wake of reports suggesting the
Japanese government might be happy with the level of the
currency following its extended decline.
0800 Italy Industrial orders
1230 U.S. Chicago Fed National Activity index
Base metals prices at 0121 GMT
Metal Last Change Pct Move YTD pct chg
LME Cu 7278.50 -30.50 -0.42 -8.20
SHFE CU FUT SEP3 52590 -90 -0.17 -8.82
HG COPPER JUL3 330.30 -2.00 -0.60 -9.57
LME Alum 1846.00 -4.00 -0.22 -10.86
SHFE AL FUT AUG3 14525 -20 -0.14 -5.34
LME Zinc 1835.00 -5.00 -0.27 -11.07
SHFE ZN FUT SEP3 --
LME Nickel 14779.00 -46.00 -0.31 -13.85
LME Lead 2010.00 -4.00 -0.20 -14.10
SHFE PB FUT --
LME Tin 20861.00 -114.00 -0.54 -10.85
LME/Shanghai arb^ -434
($1 = 6.1419 Chinese yuan)
(Reporting by Melanie Burton; Editing by Muralikumar
((email@example.com)(+65 6870 3017)(Reuters
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