The copper market has put together a moderate recovery during overnight trading, after significant price declines since the early April high. News of an increase in Chinese lending activity has provided a partial risk on vibe for the copper market at the start of this morning's trading. However, some traders feel it could take a series of positive economic readings to support a definitively upbeat copper demand view. However, copper found additional strength from predictions of stronger Chinese demand from Codelco, and from higher copper price action in Shanghai overnight. US economic data this morning and action in the US equity markets are likely to be the main driving forces for copper prices today. With a Chinese GDP reading due out later tonight, many traders are hoping to see somewhat favorable US data and generally supportive dialogue from a series of Fed speeches today to support copper prices.