METALS-Copper steadies after robust U.S. jobs data
SINGAPORE, Nov 11 (Reuters) - Copper steadied on Monday after last week logging its biggest weekly fall in two months, as a revival in U.S. jobs growth burnished hopes for recovery in the world's top economy and brightened the outlook for demand.
* Three-month copper on the London Metal Exchange edged up 0.3 percent to $7,184 a tonne by 0121 GMT, extending small gains from the previous session.
* Copper prices fell 1 percent last week, the biggest weekly fall since mid September, but remain trapped in a wider $7000-7420 band that has held since early August.
* The most-traded January copper contract on the Shanghai Futures Exchange climbed 0.4 percent to 51,740 yuan ($8,500) a tonne.
* U.S. job growth unexpectedly accelerated in October as employers shrugged off a partial government shutdown, suggesting the economy was on firm footing and raising the prospect the Federal Reserve may soon decide to temper its bond-buying stimulus.
* Hedge funds and money managers broadly cut bullish bets in futures and options of U.S. gold, silver and copper in the week to Nov. 5, a report by the Commodity Futures Trading Commission showed on Friday. The group slashed its net longs in copper by 13,018 lots to 87,689, reversing a sharp increase in the previous week
* President Xi Jinping and other Communist Party leaders gathered at the weekend for a landmark conclave which concludes on Tuesday when the plenum will lay out the new administration's agenda - a policy document that has traditionally served as a springboard for change.
* Adding to the positive sentiment, China's factory output and investment data pointed to signs of stabilisation in the economy, though annual inflation climbed to an eight-month high in October, fuelling market worries about policy tightening.
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* Asian shares edged away from a four-week low on Monday, while the dollar rose against the euro and yen as a surprise surge in U.S. jobs growth signalled the world's largest economy was on a firmer footing.
0500 Japan Economy watchers survey
0900 Italy Industrial output
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 = 6.0905 Chinese yuan)
(Editing by Richard Pullin; Reporting by Melanie Burton)