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6981 - Murata Manufacturing Co News Story

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Sector
Industrials
Size
Large Cap
Market Cap £38.84bn
Enterprise Value £37.70bn
Revenue £10.56bn
Position in Universe 18th / 3900

METALS-Copper edges higher on coronavirus vaccine developments

Thu 3rd December, 2020 3:49am
Dec 3 (Reuters) - London copper rose on Thursday, as
investors were upbeat about positive developments in vaccines
against COVID-19, but gains were limited following a strong
rally in recent months.
    Three-month copper on the London Metal Exchange  CMCU3 
advanced 0.2% to $7,690.50 a tonne by 0326 GMT. It was still shy
of $7,743 a tonne hit on Tuesday, the highest level since March
2013.
    The most-traded January copper contract on the Shanghai
Futures Exchange  SCFcv1  slipped 0.2% to 57,220 yuan
($8,725.49) a tonne.
    Britain approved Pfizer Inc's  PFE.N  COVID-19 vaccine on
Wednesday, making it the first country to do so, and said it
would start vaccinating those most at risk early next week.
 urn:newsml:reuters.com:*:nL8N2II10B
    Copper is often used as a gauge of global economic health. A
vaccine roll-out could fasten a recovery in the world's economy.
    
    FUNDAMENTALS
    * ShFE aluminium  SAFcv1  fell 1.5% to 16,570 yuan a tonne,
having touched its highest since October 2011 in the previous
session. LME aluminium  CMAL3  edged up 0.2% to $2,060 a tonne.
    * LME zinc  CMZN3  rose 0.6% to $2,764.50 a tonne while ShFE
nickel  SNIcv1  fell 1.5% to 118,250 yuan a tonne and ShFE zinc
 SZNcv1  declined 1.3% to 20,990 yuan a tonne.
    * For the top stories in metals and other news, click       
 TOP/MTL  or  MET/L      
        
    MARKETS NEWS    
    * Asian shares were mixed after a choppy day of Wall Street
trade, thanks in part to a disappointing U.S. jobs report, while
the greenback languished near 2-1/2-year lows on growing
optimism over a coronavirus vaccine.  MKTS/GLOB     
        
    DATA/EVENTS (GMT)
    0500  India      HIS Markit Svcs PMI          Nov
    0700  UK         Reserve Assets Total         Nov
    0850  France     Markit Svcs, Comp PMIs       Nov
    0855  Germany    Markit Svcs PMI              Nov
    0855  Germany    Markit Comp Final PMI        Nov
    0900  EU         Markit Svcs, Comp Final PMIs Nov
    1330  US         Initial Jobless Claims       Weekly
    1445  US         Markit Comp, Svcs Final PMIs Nov
    1500  US         ISM Non-Mfg PMI              Nov        
        

($1 = 6.5578 yuan)

 (Reporting by Mai Nguyen;
Editing by Vinay Dwivedi)
 ((mai.nguyen@thomsonreuters.com; +6568703518; Reuters
Messaging: mai.nguyen.thomsonreuters.com@reuters.net))
 
(( For related news and prices, click on the codes in brackets:
 LME price overview       RING=  COMEX copper futures   0#HG: 
 All metals news          MTL    All commodities news       C  
 Foreign exchange rates  FX=     SPEED GUIDES  LME/INDEX ))
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