MARKET TALK: LME Copper Edges Up; Consolidation Expected

LME copper just a bit higher in quiet activity, with many traders, analysts expecting consolidation this week; 3-month copper last at $5,845/ton, up $45 vs Friday PM kerb. "There's not much going on this morning so far," says Singapore-based trader. "I'm not expecting too much activity this week, though the U.S. economic data stream might provide some impetus for trade," adds another: Fed meets Tuesday on rates, Wednesday sees U.S. GDP data and Chicago PMI, Friday payroll.