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Last update: Tue, 03 May 2016 11pm

Australia

Markets - Commodities - Australia

London copper hits 1-month high, buoyed by commodity gains MELBOURNE: London copper hit its highest in almost a month on Thursday, after strong gains in oil the session before stoked investor appetite for commodities, already supported by signs of a brightening picture for global growth."Positive gains on equity markets combined with stronger oil prices provided some support for base metal markets," ANZ said in a research note."Rising risk appetite should continue to support most commodity markets."World stock markets climbed to their highest in almost five months on Thursday after a surge in oil prices boosted risk appetite, while the euro steadied ahead of a European Central Bank meeting.Improving data out of China since the start of the year, including industrial output, property and lending has also helped to lift sentiment towards commodities.Three-month copper on the London Metal Exchange struck its highest since March 23 at $5,029 a tonne, before trimming gains to 0.2 percent at $4,990 by 0816 GMT. ...

Markets - Commodities - Australia

Recent iron ore, coal price gains not sustainable MELBOURNE: BHP Billiton does not expect recent rises in iron ore and coal prices to hold for more than a few months, as the uptick in prices would bring more supply to the market, its Australian chief said on Thursday. "I wish I could stand here and say this is going to be sustainable. I don't think it is going to be," BHP Billiton Minerals Australia president Mike Henry told the Melbourne Mining Club.Copyright Reuters, ...

Markets - Commodities - Australia

London copper drifts from near 3-week high touched on China outlook MELBOURNE: London copper drifted from near a three-week high on Wednesday after a reversal in crude oil prices dented sentiment, but a stream of encouraging signals on China's economy fostered a less bearish outlook on prices. China's industrial output surprised to the upside last month, while rising property prices suggested an economic recovery is taking root. "Overall, everyone is still looking at China - the March results are quite good you can see signs of ...

Markets - Commodities - Australia

London copper buoyed near 3 week high as China outlook appears to brighten MELBOURNE: London copper floated near a three-week high on Wednesday after a stream of encouraging signals on China's economy and a revival in oil prices lifted sentiment towards commodities. China's industrial output surprised to the upside last month, while rising property prices suggested an economic recovery is taking root. "Overall, everyone is still looking at China - the March results are quite good you can see signs of economic stabilization," said analyst Helen Lau of ...

Markets - Commodities - Australia

London copper edges lower; China optimism, oil lend support MELBOURNE: London copper slipped on Tuesday, but losses were limited as a slew of supportive economic signals out of China painted an encouraging picture for demand, and risk appetite improved after a strong performance by the oil market.China's leaders sound more confident that the world's second-largest economy has arrested a slide in growth to quarter-century lows, after industrial and housing gauges most recently surprised to the upside last week."There seems to be a general wave ...

Markets - Commodities - Australia

London copper heads for biggest weekly rise in six weeks MELBOURNE: London copper was steady on Friday, but was on track to post its biggest weekly rise in six weeks on signs that growth in China could be stabilising after first quarter growth hit forecasts and other indicators surprised to the upside. China's economy grew 6.7 percent in the first quarter from a year earlier, meeting expectations and providing additional evidence that a slowdown in the world's second-largest economy may be bottoming out. "It's another ...

Markets - Commodities - Australia

Copper edges back from 2-week highs, China optimism supports MELBOURNE: London copper eased on Thursday, but prices did not stray far from near two-week highs on the back of this week's better-than-expected Chinese trade data, which has raised hopes that the world's No. 2 economy may be stabilising. Asian markets were still basking in the afterglow of Chinese exports that jumped 11.5 percent year-on-year in March, the first increase since June and well above market forecasts. "The proof is in the pudding. We've seen ...