METALS-Copper slips from 4-mth high as U.S. data drags
SINGAPORE, Feb 5 (Reuters) - Copper slipped on Tuesday from four-month highs hit the session before, after a weak gauge of U.S. business spending plans soured sentiment and drove traders to book profits ahead of holidays in top consumer China.
FUNDAMENTALS
* Three-month copper on the London Metal Exchange had slipped 0.26 percent to $8,283 a tonne by 0107 GMT, reversing gain from the previous session. Copper hit its highest since Oct. 5 on Monday in the wake of an improving outlook for the world's factories and for euro zone economies.
* The most-traded May copper contract on the Shanghai Futures Exchange pulled back 0.32 percent to 59,860 yuan a tonne having hit 60,270 on Monday, which was its loftiest since Sept. 20.
* A gauge of U.S. business investment plans dropped in December, a possible sign companies were losing confidence in the economy's strength due to fears over tighter fiscal policy.
* Spain's opposition Socialist Party called for the resignation of Prime Minister Mariano Rajoy over a corruption scandal on Sunday as a poll showed the lowest support on record for his centre-right People's Party (PP).
* President Barack Obama will meet with chief executives from 12 companies including Goldman Sachs Group Inc's Lloyd Blankfein and Klaus Kleinfeld of Alcoa Inc on Tuesday to discuss immigration and deficit reduction, according to a White House official.
* Guinea's review of all mining contracts will include an effort to integrate a 2011 settlement struck with global miner Rio Tinto with an original agreement signed with the company, the west African nation's mining minister said on Monday.
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MARKETS NEWS
* Asian shares eased on Tuesday as investors booked profits from recent strong rallies in the face of the weak U.S. data and worries that a potential political shake-up could disrupt the eurozone's efforts to resolve its debt crisis.
* A week-old rally in the euro came to a halt on Tuesday as investors took profits on its stellar gains in the run-up to this week's European Central Bank policy meeting, just as selling pressure on the yen eased off slightly.
DATA/EVENTS 0145 China HSBC Services PMI 0330 Australia RBA cash rate 0848 France Markit Services PMI 0853 Germany Markit Services PMI 0858 Euro zone Markit Services PMI 1000 Euro zone Retail sales 1245 U.S. ICSC weekly chain store sales 1355 U.S. Redbook weekly retail sales 1500 U.S. ISM Non-manufacturing PMI 1500 U.S. IBD economic optimism index 2130 U.S. API weekly crude stocks
PRICES
Base metals prices at 0107 GMT
Metal Last Change Pct Move YTD pct chg LME Cu 8283.50 -21.50 -0.26 4.47 SHFE CU FUT MAY3 59860 -190 -0.32 3.78 HG COPPER MAR3 376.80 -0.05 -0.01 3.16 LME Alum 2114.50 1.50 +0.07 2.10 SHFE AL FUT MAY3 15250 -90 -0.59 -0.62 LME Zinc 2174.75 -10.25 -0.47 5.39 SHFE ZN FUT MAY3 16110 565 +3.63 3.63 LME Nickel 18617.00 -108.00 -0.58 8.52 LME Lead 2455.00 -4.00 -0.01 4.91 SHFE PB FUT 0.00 -- -- -- LME Tin 24900.00 0.00 +0.00 6.41 LME/Shanghai arb^ 774
Shanghai and COMEX contracts show most active months
(Reporting by Melanie Burton; Editing by Joseph Radford)