FUNDAMENTALS
* Three-month copper on the London Metal Exchange slipped 0.38 percent to $8,174 a tonne by 0110 GMT, reversing a small advance seen the previous session.
LME copper ended the third quarter steady from the second, despite a raft of easing measures unleashed by the U.S. Federal Reserve and the European Central bank, and targeted fine-tuning by China. Prices, in June down by more than 12 percent, have however rallied to post gains of nearly 8 percent this year.
* The Shanghai Futures Exchange is closed this week. * China's official factory purchasing managers' index rose to 49.8 in September from 49.2 in August, the National Bureau of Statistics said on Monday.
* China's economy has almost certainly suffered a seventh straight quarter of slowing growth, with a new private sector survey of factory managers revealing a near year-long decline in business activity and a fresh fall in export orders in
September.
* Codelco, the world's No.1 copper producer, will seek to reduce 2013 physical copper premiums to Asian buyers by about $5, while its European rate will likely be held or trimmed by a smaller amount, a source linked to the company told Reuters.
* U.S. copper consumers have lodged a last-ditch effort to block government approval of new physically backed exchange-traded funds (ETFs), warning they would have a "devastating" effect on prices and supply.
MARKETS NEWS
* The euro fell to a three-week low in early Asian trading on Monday, after an independent audit of Spain's banks failed to quell concerns about the country's progress towards a bailout needed to shore up its public finances.
* The euro and oil prices fell on Monday as uncertainty about Spain's bailout and concerns over slumping demand due to a slowdown in global growth weighed on investor sentiment.
* Crude oil prices rose on Friday, with Brent gaining nearly 15 percent in the third quarter, while expiring front-month U.S. gasoline futures rocketed late to rally 19 cents a gallon.
* Japan's Nikkei average fell to a near three-week low in early trade on Monday, extending the previous session's drop, on persistent concerns over slowing global growth.
DATA/EVENTS (GMT)
0500 India HSBC Markit Manufacturing PMI
0743 Italy Markit/ADACI Manufacturing PMI
0753 Germany Markit/BME Manufacturing PMI
0758 Euro zone Markit Manufacturing PMI
1258 U.S. Markit Manufacturing PMI
1400 U.S. ISM Manufacturing PMI
1400 U.S. Construction spending
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