Copper Futures Cap Longest Rally Since May 2012 in New York
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Copper futures rose for a sixth straight session, the longest rally since May 2012, as signs of low U.S. inflation eased concern that the Federal Reserve will trim its stimulus measures at a meeting next week.
The producer-price index in the U.S. slid 0.1 percent in November, the third straight monthly decline. The median estimate in a Bloomberg survey of 77 economists called for no change. On Dec. 6, 34 percent of economists surveyed by Bloomberg expected the Fed will start cutting its $85 billion of monthly bond purchases at a meeting next week.