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Phillip Chan, Director at Shenyin Wanguo Securities says the recovery in China is heading in the right direction.
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*Supply, Spain jobless still a worry. Benchmark London Metal Exchange copper was $8,265 per tonne in official rings, after earlier hitting $8,346, the highest level since Oct. 5. The only thing that's missing is strengthening in the physical market, " Merrill Lynch Bank of America analyst Michael Widmer said."
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*Sentiment strongest in India, Southeast Asia. *Norway most optimistic among developed markets. India remained the most optimistic consumer market globally for a second straight quarter, followed by the Philippines, Indonesia and Thailand.
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ZURICH, Feb 4- Swatch Group SA said it was optimistic about 2013 as it reported higher margins, providing further evidence the luxury goods sector was set to benefit from improved demand in major markets such as China and the United States.
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*Japan Airlines to talk to Boeing about compensation. NEW YORK, Feb 4- U.S. stock index futures slipped on Monday, after the S&P 500 hit a five-year high and the Dow rose above 14,000 for the first time since October 2007 ahead of factory orders data and another round of corporate earnings.
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*Middle East tensions fuel supply worries. LONDON, Feb 4- Brent crude oil consolidated around $116 per barrel on Monday, slipping from 4-1/ 2- month highs after three weeks of gains powered by signs of improving global economic growth and concern over geopolitical tension in the Middle East.
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SAO PAULO, Feb 4- In three years as a correspondent in Brazil, I've charmed my way past drunk border guards, survived a four-hour traffic jam, and even outran a mugger who chased me up a flight of stairs downtown.
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Spot gold eased 0.1 percent to $1,664.55 an ounce by 1059 GMT, while U.S. gold futures for April delivery were down 0.3 percent to $1,665.50 an ounce. In Japan, benchmark gold on the Tokyo Commodity Exchange hit a record high on the back of a weak yen on expectations the Bank of Japan will continue loosening monetary policy.
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*China a battleground as Samsung, Apple dominate globally. TAIPEI, Feb 4- Taiwanese smartphone maker HTC Corp will shift its focus more towards emerging markets and offer lower priced phones in China this year as it grapples with slumping revenue in the shadow of Apple's iPhone and Samsung's Galaxy series.
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*Worries about supply, Spain jobless knock copper off peaks. LONDON, Feb 4- Copper rose to four-month peaks on Monday thanks to signs of a credible U.S. recovery and improved factory activity across the globe, though gains were limited by rising supply and by debt worries centered on Spain.
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PARIS, Feb 4- The European Union's farm budget, of which France is the biggest beneficiary, is set to be trimmed when EU leaders meet in Brussels on Thursday to hammer out the bloc's overall budget for the next seven years. *France is the EU's largest farm producer with a 19 percent share of EU agricultural output in 2011, followed by Germany, Italy and Spain.
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*Industrial producer prices fall 0.2 pct in Dec vs Nov. *December's decrease follows 0.2 pct fall in Nov. BRUSSELS, Feb 4- Euro zone factory prices fell for the second month in a row in December, mirroring the trend in consumer inflation and leaving room for a possible European Central Bank interest rate cut to revive the weak economy.
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SHANGHAI, Feb 4- The yuan closed at its weakest level in more than five weeks on Monday, giving up all its gains year-to-date, as Asian currency markets continued to digest the effects of widespread monetary easing.
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*Middle East tensions fuel supply worries. LONDON, Feb 4- Brent crude oil consolidated above $116 per barrel on Monday, not far off 4-1/ 2 month highs, on signs of improving economic growth in the United States and China and concern over geopolitical tension in the Middle East.
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*China insurers slide after HSBC's Ping An stake sale approval. HONG KONG, Feb 4- Hong Kong shares reversed early gains to end lower in choppy Monday trade, as investors took profit on the Chinese insurance sector after mainland regulators approved HSBC's sale of its remaining stake in Ping An Insurance.
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HONG KONG, Feb 4- Hong Kong shares reversed early gains on Monday, as investors took profit on Chinese insurers after mainland regulators approved HSBC's sale of its remaining stake in Ping An Insurance. *Ping An Insurance dropped 2.8 percent to HK $68.90 in an intra-day reversal, but stayed above the HK $59 per share level that HSBC had priced its stake sale.
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HONG KONG, Feb 4- China shares climbed to a successive multi-month high on Monday, helped by strength in coal-related counters as investors welcomed local media reports of a new policy aimed at more sustainable mining practices.
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*Nissan sales up 22.2 pct, Honda up 22 pct. Feb 4- Nissan Motor Co Ltd and other Japanese carmakers saw their China car sales improve in January but figures were skewed due to weak holiday-hit sales a year earlier and questions still hang over progress made since anti- Japan protests last year.
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SINGAPORE, Feb 4- Brent crude steadied above $116 per barrel on Monday, holding near a more than four-month high, as data from top consumers China and the United States reinforced a view that the global economy was headed for a modest uptick this year.
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NEW YORK, Feb 4- Potash miner Prospect Global Resources Inc won't open its first mine until at least 2015, but the American upstart is already upsetting the multibillion-dollar fertilizer industry where a few players control a crucial ingredient in the global food chain.
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SHANGHAI, Feb 4- The yuan traded at its weakest level in four weeks on Monday after the central bank lowered its guidance midpoint rate following an overnight rise in the dollar.