METALS-Copper eases for 2nd day, China factory data in focus
SINGAPORE, Sept 23 (Reuters) - London copper slid for a second straight session on Monday, falling further from four-week highs on worries over rising global supply.
Investors in base metals markets were waiting for the HSBC manufacturing flash purchasing managers' index for China at 0145 GMT for clues on the outlook for demand in the world's top copper consumer.
* Three-month copper on the London Metal Exchange had fallen 1.3 percent to $7,185 a tonne by 0105 GMT, adding to a 0.8-percent decline in the previous session. Shanghai futures rose almost 1 percent, tracking last week's gains in financial markets as the exchange opened after the mid-autumn break.
* Copper rallied as much as 4 percent after the Federal Reserve surprised markets last week by saying it would maintain bond purchases at their present pace, but the recovery lost steam on Friday.
* Copper prices are coming under pressure from bearish fundamentals such as rising global supply.
* Should the China data show a rise from August's 50.1, it would add to evidence of stabilisation in the world's top copper consumer, supporting prices.
* The U.S. dollar held off a seven-month trough in Asia on Monday, having found a bit of support after a top Federal Reserve official suggested there is a chance the central bank may scale back stimulus next month.
* Asian markets got off to a lacklustre start on Monday ahead of more testing data from China, while the euro had only the briefest of lifts from Chancellor Angela Merkel's landslide victory in Germany's general election.
DATA/EVENTS (GMT) 0145 China HSBC Manufacturing Flash PMI 0658 France Markit Manufacturing Flash PMI 0728 Germany Markit Manufacturing Flash PMI 0758 Euro zone Markit Manufacturing flash PMI 1230 U.S. Chicago national activity index 1258 U.S. Markit Manufacturing flash PMI 1300 European Central Bank President Mario Draghi to testify at the European Parliament's Economic and Monetary Affairs Committee
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
(Reporting by Naveen Thukral; Editing by Joseph Radford)