Copper Gains With Oil As European Stocks Climb On China Data

Copper rallied from a three-week low while oil rebounded and European stocks rose as the outlook for China’s manufacturing improved. The yen strengthened on concern Europe’s debt crisis is worsening.

Copper in London gained 0.8 percent to $7,460 a metric ton at 8 a.m. in London, oil added 0.7 percent and the Stoxx Europe 600 Index (SPX) climbed 0.4 percent. Futures on the Standard & Poor’s 500 Index were little changed. The Australian dollar increased 0.3 percent. The German three-year yield rose three basis points to 0.01 percent, above zero for the first time since July 18.

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