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Shanghai base metals were mostly higher on better-than-expected China macro data

From news.metal.com

Shanghai base metals, except for tin, cruised higher on Tuesday morning, holding onto overnight gains, as both industrial production and retail sales of China bettered estimates, while their counterparts on the LME rose across the board on dollar weakness and dovish Fed policy hopes. China's industrial output rose 5.6% in August from a year ago, expanding for the fifth straight month in a boost to an economy trying to regain its footing from the shock of the coronavirus outbreak. China's retail sales rose 0.5% last month from a year earlier, data showed, expanding for the first time this year, beating analysts' ... (full story)

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  • Category: Fundamental Analysis