[Overnight Copper Prices Edged Up as Market Awaits Economic Data Release]
Macro side, the US November JOLTs job openings data recorded 8.098 million, exceeding market expectations, with the previous value revised upward; the December ISM Non-Manufacturing PMI recorded 54.1, also surpassing market expectations. The labour market may slow down, but the pace of the slowdown is not expected to prompt the US Fed to rush into an interest rate cut. Meanwhile, the market is still digesting the impact of tariff hikes introduced after Trump's inauguration, which are expected to drive up US inflation, thereby boosting the US dollar and suppressing copper prices, collectively limiting the rise in copper prices...
