Copper futures end higher on upbeat data

Copper futures ended higher on Friday amid better than expected Chinese manufacturing activity and growing optimism over a potential trade deal between the United States and China. Moreover, upbeat US jobs data in October eased concerns about slowing global growth and raised speculation that the Federal Reserve may pause its rate hikes for now.

Copper futures for December delivery added 0.6 percent to settle at $2.653 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.9 percent at $5,850 a ton.

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