METALS-London copper drifts as dollar rises; global growth hopes support
SINGAPORE, Aug 29 (Reuters) - London copper drifted lower on Monday as the dollar rose against a basket of currencies, but was underpinned by steady Chinese demand and the prospect of a slow revival in global growth.
* Three-month copper on the London Metal Exchange edged down by 0.2 percent to $7,273.75 a tonne by 0106 GMT, from the previous session.
* The most-traded December copper contract on the Shanghai Futures Exchange slid 0.6 percent to 52,390 yuan ($8,600) a tonne.
* President Barack Obama vowed on Wednesday that the Syrian government would face "international consequences" for last week's deadly chemical attack, but made clear any military response would be limited to avoid dragging the United States into another war in the Middle East.
* Contracts to purchase previously owned U.S. homes fell for a second straight month in July, a sign that rising mortgage rates are taking the steam out of America's housing market recovery.
* Workers at Chile's Escondida, the world's biggest copper mine, will vote on an improved company proposal regarding a disputed bonus over the next week, a union leader told Reuters on Wednesday.
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* Asian shares stabilised on Thursday after two days of steep losses as fears abated that U.S.-led forces would soon launch a military strike on Syria, and oil prices retreated from a six-month peak.
* The safe-haven yen on Thursday trimmed some of the recent chunky gains that had taken it to three-week highs against the dollar, while a rebound in the Brazilian real offered hopes that emerging market currencies in Asia may find a bit of a reprieve.
DATA/EVENTS (GMT) 0755 Germany Unemployment rate 0800 Italy Consumer confidence 1200 Germany Consumer inflation 1230 U.S. Q2 GDP 1230 U.S. Weekly jobless claims
PRICES Base metals prices at 0107 GMT
Metal Last Change Pct Move YTD pct chg LME Cu 7273.75 -16.25 -0.22 -8.26 SHFE CU FUT DEC3 52390 -320 -0.61 -9.17 HG COPPER SEP3 3.31 0.00 +0.11 -99.10 LME Alum 1865.00 0.50 +0.03 -9.95 SHFE AL FUT DEC3 14410 -30 -0.21 -6.09 LME Zinc 1954.00 -4.00 -0.20 -5.31 SHFE ZN FUT DEC3 14970 -575 -3.70 -3.70 LME Nickel 14239.00 64.00 +0.45 -17.00 LME Lead 2213.75 0.75 +0.03 -5.40 SHFE PB FUT 0.00 -14875.00 -100.00 -100.00 LME Tin 21650.00 0.00 +0.00 -7.48 LME/Shanghai arb^ -425
Shanghai and COMEX contracts show most active months month ($1 = 6.1202 Chinese yuan)
(Reporting by Melanie Burton; Editing by Richard Pullin)