Copper Rebounds From Two-Month Low on U.S, China Demand Outlook
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Copper rebounded from a two-month low as better-than-expected U.S. jobs and trade data and signs that China’s economy may be on the mend signaled improving demand in the world’s biggest metals users.
The U.S. trade deficit unexpectedly narrowed in September on record exports, and fewer Americans filed claims for jobless benefits, government reports showed today. China’s central bank governor and statistics chief signaled that October data to be published from tomorrow will show growth improving this quarter.