Like a host of physical commodities, the copper market found benefit from a large improvement with global market sentiment over the holiday weekend. In addition to a favorable official Chinese PMI number, many traders have been encouraged by ideas that Chinese monetary policy may see some additional easing during the next few months. However, suggestions from Chinese officials that their economy is likely to show some softening during 2012 may limit the strength of this current rally. Strength in US equity markets and decent US economic data may help to lift copper prices later on in the session.
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