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China data boosts copper; world stocks hit record

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - Copper prices surged to their highest levels in more than four months after robust data supporting China's economic growth, while a gauge of global stocks marked a record high for a third straight session.China's economy expanded at a faster-than-expected 6.9 percent clip in the second quarter, setting the country on course to comfortably meet its 2017 growth target.The U.S. dollar fell to a 10-month low against a basket of currencies before steadying, while oil prices shed about 1 percent.MSCI's broadest index of Asia-Pacific shares outside Japan hit a ...

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First Published: Tue, July 18 2017. 01:54 IST
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