METALS-London copper steadies after 3-day fall, China demand supports
SINGAPORE, Sept 25 (Reuters) - London copper steadied on Wednesday, snapping three sessions of losses as steady buying from top consumer China buoyed prices.
* Three-month copper on the London Metal Exchange had edged up 0.17 percent to $7,160 a tonne by 0119 GMT, after dropping 1.4 percent the session before.
* Copper hit its lowest in four sessions on Tuesday at $7,117.25 a tonne. That was down from nearly four week highs of $7,368 a tonne struck last week in the wake of the Federal Reserve's surprise decision to maintain its massive economic stimulus for now.
* London copper has traded in a broader $7,000-$7,500 band since early August.
* The most-traded December copper contract on the Shanghai Futures Exchange slipped 0.54 percent to 51,660 yuan ($8,400) a tonne on Wednesday.
* U.S. home prices slowed their rate of gains in July and a dip in consumer confidence this month underscored the potential for higher borrowing costs and a sluggish economy to dent a housing market recovery.
* An influential Fed policymaker said he "certainty wouldn't want to rule out" a reduction in the U.S. central bank's bond-buying programme later this year, adding the Fed expected slower economic growth now than it did in June.
* China's central bank conducted its largest one-day fund injection in seven months on Tuesday, easing fears of quarter-end cash crunch such as the one that roiled global markets in late June.
* Newmont Mining Corp is open to adding more copper production to its core gold business, the company's CEO said on Tuesday, as the biggest U.S. gold miner, along with its peers, seeks to revamp operations in a tough environment.
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* Asian shares slipped and the dollar inched higher in early Asian trade on Wednesday, as uncertainty about the Fed's policy outlook made investors hesitant to take aggressive positions.
* The euro was on the defensive on Wednesday following weaker-than-expected German sentiment data, while worries over a possible U.S. government shutdown underpinned the yen against the dollar.
0600 Germany GfK consumer sentiment
1230 U.S. durable goods orders
1400 U.S. new home sales
1600 Federal Reserve issues quarterly flow of funds accounts
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 = 6.1210 Chinese yuan)
(Reporting by Melanie Burton; Editing by Joseph Radford)