Shanghai copper hit its highest level in four months on Monday, boosted by hopes for economic stimulus in the world’s leading economies and by China’s approval of a multibillion dollar infrastructure programme. Beijing has given the green light to 60 infrastructure projects worth more than US$150 billion, as it looks to energise an economy mired in its worst slowdown in three years, fuelling hopes the world’s growth engine may get a lift from the fourth quarter.
via Business feed http://www.scmp.com/business/money/market-snapshot/article/1033255/shanghai-copper-hits-four-month-high-stimulus-hopes
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