December copper has clearly found benefit from the late-night agreements out of the Euro zone, as the market has risen up to new high ground and is more than 56 cents above last week's lows. The recent strength in copper prices may also be reflective of Chinese economic developments, as statements from the Chinese Prime Minister overnight that his nation's rate hikes may be drawing to a close could be seen as something that stimulates copper demand over the near future. Furthermore, many traders feel a slide in LME copper stocks to their lowest levels since March has provided further evidence than copper demand is holding firm and that copper might not need much growth to see even higher prices ahead. LME Copper Stocks were 434,675 tons, down 2,750 tons. The Bank of Japan signaled an easing of Japanese monetary policy by increasing their asset purchase program by an additional 5 trillion Yen, which may help to stimulate Japanese industrial copper demand through the rest of this year.