Oct 1 (Reuters) - Copper prices rose on Thursday, as a
softer dollar and renewed hopes for another U.S. stimulus
boosted demand for the metal that is often used as a gauge of
global economic health.
Three-month copper on the London Metal Exchange was
up 0.5% at $6,703 a tonne by 0258 GMT. The contract hit its
highest since Sept. 23 at $6,708 a tonne earlier in the session.
The dollar was on the defensive at a one-week low, as robust
U.S. data and fresh hopes for fiscal stimulus had investors
confident enough about economic recovery prospects to seek out
A softer dollar makes greenback-priced metals more appealing
to holders of other currencies.
U.S. Treasury Secretary Steven Mnuchin on Wednesday said
talks with House Speaker Nancy Pelosi made progress on COVID-19
relief legislation, which is expected to boost the world's
biggest economy and demand for the ductile metal that is used
for construction, manufacturing and power projects.
Among other metals, aluminium advanced 0.2% to
$1,768 a tonne, zinc increased 0.4% to $2,412 a tonne
while lead was up 0.1% at $1,827 a tonne.
* The Shanghai Futures Exchange (ShFE) will be closed from
Oct. 1-8 for the National Day and the Mid-Autumn Festival
holidays in China and will reopen on Friday, Oct. 9.
* For the top stories in metals and other news, click
* Global shares tried to extend gains on renewed hopes for
fresh U.S. stimulus measures, but mounting uncertainty ahead of
America's presidential election kept gains in check.
0500 India IHS Markit Mfg PMI Sept
0615 India Cash Reserve Ratio, Repo Rate Oct 1
0750 France Markit Mfg PMI Sept
0755 Germany Markit/BME Mfg PMI Sept
0800 EU Markit Mfg Final PMI Sept
0830 UK Markit/CIPS Mfg PMI Final Sept
0900 EU Unemployment Rate Aug
1230 US Consumption Adjusted MM Aug
1230 US Initial Jobless Clm Weekly
1345 US Markit Mfg PMI Final Sept
1400 US ISM Manufacturing PMI Sept
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
(Reporting by Mai Nguyen, Editing by Sherry Jacob-Phillips)