MARKETSCopper ticks higher on China data, weaker dollar

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[post-views]

LONDON: Copper prices clawed higher on Friday on a weaker dollar after Chinese data showed the economy of the world’s top metals consumer was slowly recovering.
Capping the gains, however, were worries about the prospect of an extended period of high-interest rates and weak global economic growth.
Three-month copper on the LME was up 0.2% at $8,05 per metric ton by 1000 GMT. The contract eased 0.5% every week, the second straight week of decline.
Chinese data showed exports declined less than expected in September while total social financing (TSF) climbed to 4.12 trillion yuan from 3.12 trillion in August, higher than analysts had forecasted.
TSF includes off-balance sheet forms of financing outside the conventional bank lending system.

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