The central banks of China and the U.S. are increasingly likely to intervene with slackening economic development and growth. The Asian nation, now going through a leadership change that occurs once every 10 years, is enduring its slowest advancement in about 36 months.
"Today's Chinese trade data highlight the continued weakness in demand in the largest global consumer of commodities. Markets have taken some comfort from the increased likelihood of additional stimulus measures," economist Ross Strachan with Capital Economics told the news source on Monday. "However, we would caution that any policy loosening may only alleviate some of the problems rather than lead to a rapid rebound."
At 10:46 a.m. on Monday, copper futures gained 1.23 percent, a 0.045 cent lift to $3.69 per pound.
Also the globe's largest consumer of copper, China saw August industrial production increase 8.9 percent as compared to one year prior, according to The Wall Street Journal. The same metric from this past July amounted to 9.2 percent.
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