President Donald Trump announced Monday that he would "soon" issue an order sanctioning Turkish officials, hiking tariffs on Turkish steel up to 50% and "immediately" halting...Politicsread more
Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not.2020 Electionsread more
As the season kicks into gear this week, S&P 500 firms are expected to report a 4.6% earnings decline over the same period a year agoEarningsread more
"I think that may have scared the Chinese that they were going to get into a serious trade war with access to our capital markets being cut off, among other things," Michael...China Politicsread more
David Rolfe, a longtime Berkshire Hathaway shareholder and CIO at Wedgewood Partners, is fed up with Warren Buffett.Marketsread more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Wall Street analysts estimate GM has lost more than $1 billion due to the United Auto Workers' strike, which began Sept. 16.Autosread more
The indexes traded in a tight range as investors looked ahead to the start of the earnings season while grappling with new worries over trade.Marketsread more
Check out the companies making headlines in midday trading:Market Insiderread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Shares of SmileDirectClub sank to a new all-time low during Monday's trading session after a California bill regulating the dental industry was extended through 2024.Marketsread more
SINGAPORE, Oct 11 (Reuters) - Shanghai copper prices rose on Friday after U.S. President Donald Trump said he would meet with China's top trade negotiator, but London prices treaded water as investors remained cautious ahead of the final day of trade talks.
The trade dispute between the world's two biggest economies has weighed on global economic growth and dimmed the demand outlook for industrial metals. A sign of progress in resolving the dispute often supports base metal prices.
The more bullish market mood came after a first day of trade talks between top U.S. and Chinese negotiators that Trump characterized as "very, very good."
The most-traded copper contract on the Shanghai Futures Exchange was up 0.8% at 46,950 yuan ($6,612.58) a tonne, as of 0146 GMT. While three-month copper on the London Metal Exchange, used widely as a gauge of economic health, was almost unchanged at $5,779.50 a tonne.
Top U.S. and Chinese negotiators wrapped up a first day of trade talks on Thursday as business groups expressed optimism the two sides might be able to ease a 15-month trade war and delay a U.S. tariff hike scheduled for next week.
The talk is due to conclude on Friday.
"We had a very, very good negotiation with China," U.S. President Donald Trump told reporters after the talks concluded. He reiterated his plans to meet with Liu at the White House on Friday, regarded as a good sign.
Chinese Vice Premier Liu He said that China is willing to reach an agreement with the United States on matters that both sides care about so as to prevent friction from leading to any further escalation, the state news agency Xinhua reported.
* PRICES: Most metals on the London Metal Exchange dropped, with aluminum falling 0.2%, nickel down 0.5%, zinc declining 0.7% and lead dipping 0.3%.
* SHANGHAI PRICES: In Shanghai, aluminum, nickel and lead eased 0.1% each, tin sipped 0.4% while zinc rose 1%.
* ZINC: Vedanta Resources said on Thursday it would shut its Skorpion zinc operations in Namibia from early November until the end of February 2020 due to technical problems.
* NYRSTAR/TRAFIGURA: Belgium's Financial Services and Markets Authority has opened a formal investigation into zinc group Nyrstar, now majority-owned by commodities trader Trafigura.
* ZIJIN: Zijin Mining Group Co Ltd , one of China's biggest gold miners, expects to miss production targets for gold, copper and zinc this year although it increased output of all three metals.
* For the top stories in metals and other news, click or
* Asian shares and U.S. stock futures rose after Trump said he would meet with China's top trade negotiator, while sterling retreated after rallying on revived hopes of a possible Brexit deal.
DATA/EVENTS AHEAD (GMT)
0600 Germany HICP Final YY Sept
1200 India Industrial Output YY Aug
1400 US U Mich Sentiment Prelim Oct
Three month LME copper
Most active ShFE copper
Three month LME aluminum
Most active ShFE aluminum
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
ARBS ($1 = 7.1001 Chinese yuan) (Reporting by Mai Nguyen, Editing by Sherry Jacob-Phillips)