The copper market may be reflecting stronger global equity markets this morning, as prices reached new highs for the move during overnight trading. Recent indications that Chinese copper stocks were much higher than market projections could have a major impact on the demand outlook for copper throughout the Pacific Rim. Chinese inflation readings last night were roughly in-line with market estimates but a sizable decline in the PPI number could provide early evidence of a Chinese economic slowdown. Macroeconomic sentiment has shown some signs of improvement during the past few sessions but the Euro zone debt crisis continues to elude a solution, as a risk flare-up in that region could quickly flatten any developing risk-on mentality in the commodity markets.