MELBOURNE, June 15 London copper dipped to its
lowest in a week on Thursday after the U.S. Federal Reserve
raised rates for the second time this year, boosting financing
costs for industry.
* LME COPPER: London Metal Exchange copper fell to
$5,642 a tonne, finding a floor at the 30-day moving average
which was also its weakest since June 8. Prices pared losses to
$5,961 a tonne by 0202 GMT, still down 0.2 percent. Prices are
ping-ponging between the 30 DMA and the 100 DMA, which is at
* SHFE COPPER: Shanghai Futures Exchange copper
fell by half a percent to 45,590 yuan ($6,711).
* ALUMINIUM: In other metals, SHFE aluminium fell
1.5 percent after China's production surged to the second
highest on record.
* US ECONOMY: The Federal Reserve raised interest rates on
Wednesday for the second time in three months and said it would
begin cutting its holdings of bonds and other securities this
year, signaling its confidence in a growing U.S. economy and
strengthening job market.
* CHINA ECONOMY: China's economy generally remained on solid
footing in May, but tighter monetary policy, a cooling housing
market and slowing investment reinforced views that it will
gradually lose momentum in coming months.
* EURO ZONE ECONOMY: Euro zone industrial output grew in
April and employment rose in the first quarter of the year to
reach a record high, data released on Wednesday showed, in fresh
signs of healthy growth of the bloc's economy.
* ALUMINIUM: Russian aluminium giant Rusal said it
plans to boost its production by 19 percent from 2016 levels to
4.4 million tonnes by 2021, amid rising global demand.
* ZINC: The global zinc market deepened its deficit to
92,400 tonnes in April from a revised deficit of 72,700 tonnes
in March, data from the International Lead and Zinc Study Group
(ILZSG) showed on Wednesday.
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* U.S. stock futures dipped and Asian shares were on the
defensive on Thursday after a media report that U.S. President
Donald Trump is being investigated by a special counsel for
possible obstruction of justice
0830 Britain Retail sales May
0900 Euro zone Eurostat trade Apr
1100 Bank of England announces interest rate decision
1230 U.S. New York Fed manufacturing Jun
1230 U.S. Import prices May
1230 U.S. Export prices May
1230 U.S. Weekly jobless claims
1230 U.S. Philly Fed business index Jun
1315 U.S. Industrial production May
1400 U.S. NAHB housing market index Jun
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
($1 = 6.7935 Chinese yuan renminbi)
(Reporting by Melanie Burton; Editing by Richard Pullin)