Reuters reported that London copper rose and is on track to end the week firmer after Mr Ben Bernanke chairman of Federal Reserve reassured markets about the timing of any pullback in the Fed's stimulus program. Fundamentals; 1. Three month copper on the London Metal Exchange climbed 0.8% to USD 6,960 per tonne by 0107 GMT. It is up slightly for the week and could stretch its winning streak to a third week. 2. The most traded November copper contract on the Shanghai Futures Exchange rose 1.2% to CNY 50,110 per tonne. 3. Mr Ben Bernanke chairman of Federal Reserve delivered written remarks to the US Senate Banking Committee that were virtually identical to unthreatening remarks he gave the day before. He stressed that the timeline for winding down the Fed's stimulus program was not set in stone. 4. New claims for US jobless benefits fell last week and factory activity picked up in the Mid Atlantic region in early July, signs of a stronger economy that could help push the Federal Reserve to ease its monetary stimulus. 5. Moody's Investors Service on Thursday raised the US sovereign outlook to stable from negative and affirmed the country's triple A rating, citing steady growth despite reduced government spending. 6. Engineering group Atlas Copco announced more job losses on Thursday as spending cuts across the mining industry hit demand for its trademark drill rigs and loaders and raised worries the sector's downturn may have further to run.

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