Copper rises on news from China

Copper prices rose during yesterday's trading - at the London Metal Exchange at the end of the day they rose by 0.41% to $8487 per ton. A positive factor was the measures to stimulate the Chinese economy. This morning on the LME quotations showed a correction of 0.26%, on the Comex exchange futures with delivery in December added 0.16%.

In China, which is the largest importer of copper, earlier approved measures to stimulate the real estate sector, writes the agency "Prime". This improved forecasts for the country's economy and encouraged investors who expect demand for the metal to grow.

A restraining factor for quotations was the strengthening of the dollar - its index rose by 0.5% during Tuesday. A higher rate is disadvantageous for buyers of commodities (including copper), who use foreign currency.

Today, investors expect the release of a number of important data - on the index of business activity in the services sector of the United States and the trade balance of the country. Analysts predict deterioration of both indicators.