Reuters reported that London copper was treading water near its highest level in two months on signs of steadying growth in top metals consumer China while investors await fresh China data later in the session. Fundamentals; 1. Three month copper on the London Metal Exchange was little changed at USD 7,188.75 per tonne by 0113 GMT from the previous session when it climbed 2.6%. 2. Copper prices were set to close the week up 2.5% to post their greatest weekly gain in a month. 3. The most traded November copper contract on the Shanghai Futures Exchange climbed 1.2% to CNY 51,750 per tonne. 4. Global investors will look to a batch of Chinese data on Friday for evidence that a strong bounce in July trade was not a fluke and that the world's second largest economy is stabilizing after more than two years of slowing growth. 5. Industrial output, retail sales due at 0530 GMT inflation due at 0130 GMT. 6. A gauge of the trend in layoffs of American workers fell last week to its lowest since before the 2007 to 2009 recession, a hopeful sign for the US economy. 7. Lawsuits alleging aluminium price fixing by big banks will shine an uncomfortable light on the role played by the London Metal Exchange, suggesting that the murky world of metal trading is likely to attract more attention from the authorities.

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