Three-month copper on the London Metal Exchange advanced 1.7% to $8,609.50 a tonne by 0235 GMT, while the
most-traded June copper contract on the Shanghai Futures
Exchange increased 0.4% to 67,160 yuan ($9,738.98) a
tonne.
The dollar slipped against most major currencies after the
U.S. Federal Reserve opened the door to a pause in its
aggressive tightening cycle, though markets were buffeted by
risk aversion amid a rout in regional U.S. bank shares.
LME aluminium rose 0.6% to $2,334.50 a tonne, nickel increased 0.6% to $24,900 a tonne, zinc climbed
0.8% to $2,650 a tonne, lead was up 0.1% at $2,133 a
tonne while tin fell 0.8% to $26,560 a tonne.
SHFE aluminium increased 0.3% to 18,495 yuan a
tonne, nickel jumped 3.6% to 188,660 yuan a tonne, tin leaped 1.2% to 211,860 yuan a tonne, zinc advanced 0.6% to 21,320 yuan a tonne and lead was up
0.7% at 15,360 yuan a tonne.
Nickel inventories in SHFE warehouses fell to a
record low of 1,426 tonnes on Friday, causing the premium of the
SHFE front-month nickel contract over the third month
contract to rise.
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0750 France S&P Global Serv, Comp PMIs April
0755 Germany S&P Global Serv PMI April
0755 Germany S&P Global Comp Final PMI April
0800 EU S&P Global Serv, Comp Final PMIs April
0830 UK Composite PMI Final April
0830 UK Reserve Assets Total April
1215 EU ECB Refinancing Rate May
1215 EU ECB Deposit Rate May
1230 US International Trade March
1230 US Initial Jobless Clm Weekly
($1 = 6.8960 yuan)
(Reporting by Mai Nguyen in Hanoi; editing by Uttaresh
Venkateshwaran)
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