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LONDON, Jan 31- Copper rose on Thursday to its highest level since October, helped by a dip in output in top producer Chile last month and signs that the United States and Japan will stick to plans to stimulate their economies.
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*China factory, U.S. jobs data due Friday may give more support. SINGAPORE, Jan 31- London copper rallied to a three-and-a-half-month peak on Thursday as a revival in U.S. consumer spending and a recovery in Europe's banks added to evidence of strengthening global economic growth.
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*Copper eyes 2013 peak of $8,256.50 from Jan. 3. SINGAPORE, Jan 31- London copper held near its 2013 peak on Thursday as a revival in U.S. consumer spending and a recovery in Europe's banks added to evidence of a strengthening global economic recovery.
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SINGAPORE, Jan 31- Brent crude hovered near $115 per barrel on Thursday, not far from a more than three-month high, as the U.S. So better news out of China and expectations for recovery in the United States caused risk money to come back into equities, commodities and energy, "said Tony Nunan, an oil risk manager at Mitsubishi.
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The average recommended stock weighting over the next three months jumped to 85.8 percent from 81.9 percent a month earlier, according to the monthly poll of nine China- based fund managers conducted this week. New policies are expected to be unveiled after China's Communist Party Congress to be held in March.
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The level of credit needed to spur economic growth has grown five-fold since the 1980 s, said Gross, who is a founder and co-chief investment officer of Pacific Investment Management Co. He likened the need for more and more government stimulus to produce ever-diminishing rates of growth to Japan's experience over the past decade.
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SHANGHAI, Jan 31- China's yuan was little changed on Thursday as traders said weakness in Asian currencies is counteracting appreciation pressure from strong corporate demand. Despite this upward pressure, the People's Bank of China has held its daily midpoint relatively stable in recent days.
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*Japan shouldn't miss chance to beat deflation. NAGASAKI, Japan, Jan 31- The Bank of Japan may ease monetary policy further if needed, its deputy governor said, offering the strongest signal to date by a central bank policymaker that more stimulus may be on the way to achieve the bank's new 2 percent inflation target.
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SINGAPORE, Jan 31- London copper held near its 2013 peak on Thursday as investors focused on a revival in U.S. consumer spending and a recovery in Europe's banks as evidence of a strengthening global economic recovery. *Copper on Wednesday climbed to its loftiest since Jan. 3 at $8,245, drawing close to the early January top of $8,256.50.
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MEXICO CITY, Jan 30- Peru is in the best shape in Latin America to withstand an economic meltdown while Venezuela and Argentina have the weakest defenses, according to an analysis by International Monetary Fund economists.
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*Sugar gets lift from Brazil gasoline, diesel prices. NEW YORK/ LONDON, Jan 30- Cocoa futures on ICE revisited a seven-month low on Wednesday and coffee fell after data showed the U.S. economy contracted in the fourth quarter. Raw sugar futures on ICE Futures U.S. rose, boosted by a decision by Brazil to raise fuel prices, and by short-covering.
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NEW YORK, Jan 30- A U.S. economic contraction in the fourth quarter pressured stocks in Europe and the United States on Wednesday even as it bolstered expectations the U.S. central bank will continue its easy monetary policy and kept the euro near a 14- month high.
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LONDON, Jan 30- Brent crude oil hit a three-month high on Wednesday, reaching $115 a barrel after better-than-forecast European data spurred optimism over the global economy, despite disappointing U.S. economic growth figures. Brent crude oil futures were 35 cents higher at $114.71 a barrel by 1623 GMT after hitting $115.24, their highest since Oct. 16, 2012.
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NEW YORK, Jan 30- An unexpected contraction in the U.S. economy in the fourth quarter sent stocks in Europe and the United States lower on Wednesday but helped keep the euro close to a 14- month high on expectations the U.S. central bank will continue its easy monetary policy.
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LONDON, Jan 30- Brent crude oil reached its highest level in three and a half months on Wednesday, passing $115 a barrel after better-than-forecast European data spurred optimism for the global economy. Brent crude oil futures were 20 cents higher at $114.56 a barrel by 1425 GMT after hitting $115.24, their highest since Oct. 16, 2012.
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BRASILIA, Jan 30- Brazil failed to reach its primary budget surplus goal last year in an expected miss that has raised worries about the government's commitment to the fiscal discipline that helped the Latin American giant secure a decade of economic stability.
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LONDON, Jan 30- Brent crude oil reached its highest in three and a half months on Wednesday at close to $115 a barrel after better-than-forecast European and U.S. data spurred optimism in the global economy. Brent crude oil futures were 25 cents higher at $114.61 a barrel by 1016 GMT after hitting $114.73, their highest since Oct. 16, 2012.
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SEOUL/ BANGKOK, Jan 30- South Korea warned on Wednesday it might consider a tax on financial transactions and Thailand said it was worried its strong currency would hurt exporters as moves by advanced economies to flood markets with easy money increasingly spill over into other countries.
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LONDON, Jan 30- Brent crude oil fell slightly on Wednesday but held close to a three-month high above $114 a barrel, underpinned by optimism about the U.S. economy after data showed a recovery was gaining ground. Brent cruse oil futures were 20 cents lower at $114.16 a barrel by 0903 GMT on nerves ahead of a U.S.
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LONDON, Jan 30- The euro hit its highest level in over a year on Wednesday and shares, oil and metals were also on the rise, as confidence in the global economic outlook strengthened ahead of European data and the U.S.