Copper Rises Most in Two Weeks on China, U.S. Economic Signals
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Copper futures jumped the most in two weeks on signs that economies are stabilizing in China, the top consumer of industrial metals, and the U.S., the second-biggest.
An official Chinese purchasing managers’ index released today rose to 50.2 in October from 49.8 in September, indicating the first expansion in three months. Readings above 50 signal growth. Manufacturing in the U.S. last month expanded more than economists forecast, and construction spending in September climbed to the highest in almost three years. Prices are up 2 percent since reaching a seven-week low on Oct. 29.