MARKET TALK: LME Copper Capped At $6,300, Awaits US Data

LME 3-month copper range trading at $6,250-6,285/ton in very quiet market, capped at $6,300 resistance, lacks fresh fundamental news, Asia's stock market small moves fail to provide direction, says trader at Japan house. Notes with sentiment weak on jittery stock markets and a lack of fresh cues, $6,300 technical resistance unlikely to be challenged short-term. "There's not many people in the market who want to buy at this level." However, U.S. PPI, initial jobless claims, Philadelphia Fed index important to gauge U.S. economic growth, demand for base metals.