Shanghai copper climbs

The most-traded December copper contract on the Shanghai Futures Exchange rose 0.4 percent to 47,790 yuan($7,802) a tonne in overnight trade on Monday after Chinese data painted a slightly brighter picture of the world's second largest economy, adding to supportive comments by China's leaders about the country's economic growth prospects.
China's export and import performance in September easily beat forecasts, with imports showing unexpected buoyancy, helping to ease concerns about deteriorating domestic demand. "It's not an outrageously bullish print, but it might go some way to rebase sentiment towards global economic growth which had been getting very bearish... I would read this as mostly positive," said analyst Daniel Morgan at UBS in Sydney.