METALS-London copper edges up on dollar pause; jobs data eyed
SINGAPORE, Sept 5 (Reuters) - London copper rose half a percent on Thursday as the dollar took a step back from six-week highs, while markets awaited labour data from the United States for direction on its monetary policy.
* Three-month copper on the London Metal Exchange had edged up 0.24 percent to $7,140 a tonne by 0143 GMT, after falling 1.5 percent the session before.
* The most-traded December copper contract on the Shanghai Futures Exchange slid 0.84 percent to 51,710 yuan ($8,400) a tonne.
* Euro zone businesses had their best month in over two years in August as orders increased for the first time since mid-2011, while growth in China's services sector hit a five-month high, underpinned by new orders and business optimism.
* U.S. auto sales raced past expectations in August, rising at their fastest pace in nearly six years, while demand showed no signs of cooling as consumers grew more confident in the economy.
* The U.S. economy expanded at a "modest to moderate" pace in most of the country between early July and late August, according to a Federal Reserve report that was just strong enough to reinforce the prospect of a pullback in monetary stimulus.
* U.S. employers likely stepped up hiring in August, potentially paving the way for the Fed to start cutting back its gigantic bond purchases programme later this month.
* Workers at the Salvador copper mine, owned by Chile's state-run Codelco, are due to begin a strike on Thursday after contract negotiations broke down, a union leader said.
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* Asian stocks edged up on Thursday following a positive lead from Wall Street, while fresh measures to shore up the rupee unveiled by India's new central bank chief could set a positive tone for emerging markets throughout the region.
* The dollar steadied just below a six-week high on Thursday after investors had booked profits on its recent gains ahead of key events, including monetary policy meetings in major economies and a crucial U.S. jobs report that could make or break the case for a reduction in U.S. stimulus this month.
DATA/EVENTS 1100 Britain BOE Bank Rate Sep 1130 U.S. Challenger layoffs for August 1145 EZ ECB refinancing rate Sep 1215 U.S. ADP National employment for August 1230 U.S. Weekly jobless claims 1400 U.S. ISM N-Mfg PMI Aug 1400 U.S. ISM N-Mfg Bus Act Aug 1400 U.S. Factory orders for July PRICES Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Three month LME tin ($1 = 6.1201 Chinese yuan)
(Reporting by Melanie Burton; Editing by Joseph Radford)