LME and SHFE base metals closed mostly with losses overnight amid bearish market outlook. On the macro front, news of an emergency meeting of Japanese officials pushed the yen higher and the dollar retreated from its highs on Tuesday. In addition, the U.S. debt ceiling agreement was reached, which will restrict some spending. Market optimism took a toll on the dollar. The market is awaiting US job data due this Friday. Copper: LME copper prices closed at $8,115/mt last evening, down 0.29%. Trading volume was 16,000 lots and open interest stood at 257,000 lots. The most active SHFE 2307 copper contract prices finished ... (full story)