METALS-Copper eyes best quarter since March 2012 as global economy steadies
SINGAPORE, Sept 30 (Reuters) - London copper eased on Monday, with some investors shunning risk as a shutdown of U.S. government seemed increasingly likely, although the metal was on track for its biggest quarterly gain since March 2012 due to steadying global growth.
* Three-month copper on the London Metal Exchange had edged down 0.37 percent to $7,273 a tonne by 0120 GMT, reversing gains from the previous session.
* Prices were set to finish the quarter with gains of nearly 8 percent, although they remain down by around 8 percent so far this year.
* The most-traded January copper contract on the Shanghai Futures Exchange edged up 0.15 percent to 52,410 yuan a tonne.
* With a deadline to avert a federal government shutdown fast approaching, the U.S. Capitol was eerily quiet on Sunday as Republicans and Democrats waited for the other side to blink first and break the impasse over funding.
* The Federal Reserve must be patient in deciding when to scale back bond purchases, top officials said on Friday, with one arguing it could wait "years" to lift interest rates and another suggesting it could tolerate inflation rising to 3 percent
* China has formally announced detailed plans for a new free-trade zone (FTZ) in Shanghai, touted as the country's biggest potential economic reform since Deng Xiaoping used a similar zone in Shenzhen to pry open a closed economy to trade in 1978.
* China markets are closed for a week from Tuesday for Golden Week celebrations.
* Shares in OZ Minerals jumped more than 6 percent on Monday after a British newspaper reported that Glencore Xstrata is considering a takeover offer for the Australian copper miner after acquiring up to a 10 percent stake.
* Comex copper speculators added 9,091 positions to return to net long in the week to Sept 24, data showed on Friday.
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* U.S. stock futures and the dollar came under pressure on Monday on Washington's government woes, though the euro had political troubles of its own as the Italian government teetered on the edge of collapse.
0145 China HSBC Final manufacturing PMI
0600 Germany Retail sales
0645 France Producer prices
0900 Euro zone Flash inflation
1230 U.S. Midwest manufacturing index
1430 U.S. Fed Texas manufacturing index
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 Melanie Burton; Editing by Joseph Radford)