Copper Rises as China Companies Profits Drop Fuels Stimulus Bets
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Copper rose for the second time in three days in New York on speculation that policy makers will take steps to spur growth in China, the world’s largest consumer of the metal, as profits slid for industrial companies.
Profits dropped 6.2 percent from a year earlier in August, falling for a fifth month, China’s statistics bureau said today. China’s stocks jumped the most in three weeks on speculation that the government will announce measures to bolster the equities market.