Shanghai copper climbs

The most active December copper contract on the Shanghai Futures Exchange climbed 1.37 percent to 56,180 yuan ($8,800) per tonne on hopes that central banks around the world will step in to fuel economic growth after concerns about the US jobs sector and gloomy China factory data.
"The market is still looking to the major central banks around the world to step up to the plate and support policy and growth," said senior metals strategist Nick Trevethan at ANZ bank in Singapore. "The market is a bit disillusioned by China's policy inaction. We think China has to do something fairly drastic, maybe a 50, or even 100 basis point cut in the reserve requirement ratio because its repo action doesn't seem to have been especially effective."