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Dec. 16 (Bloomberg) -- Copper advanced, trimming weekly declines, as inventories monitored by the London Metal Exchange headed for an 11th weekly decline and better-than-expected U.S. jobless claims and manufacturing data boosted demand outlook.
-- Asian stocks rose for the first time in four days as metals and the Australian dollar climbed after better-than-expected U.S. data signaled the world’s biggest economy is strengthening. NSN LWABSV6JTSE9 <GO>
-- Bank of America Corp., Goldman Sachs Group Inc. and Citigroup Inc. had their credit grades cut by Fitch Ratings as the impact of financial regulation and market turmoil weighed on the industry. NSN LW9W5S07SXKX <GO>
-- U.S. and Asian companies seeking acquisitions in Europe may accelerate dealmaking next year after a slowdown in the second half, beckoned by a slumping euro and share prices depressed by the sovereign debt crisis. NSN LW9RNP1A74E9 <GO>
-- India’s central bank refrained from raising interest rates for the first time in eight meetings as inflation cools and the fallout from Europe’s debt crisis threatens growth. NSN LWAA1V0YHQ0X <GO>
-- The dollar and the yen declined against most of their major peers as evidence the U.S. economy is gaining momentum eased demand for havens. NSN LWAB9O6KLVR8 <GO>
-- The cost of living in the U.S. was probably little changed in November as gasoline prices dropped, a sign inflation remains in check, economists said before a report today. NSN LW9KU50D9L36 <GO>
-- United Co. Rusal, the world’s largest aluminum producer, said the euro currency crisis may cause a “cyclical panic” in commodity markets, prompting a decline in metal demand from smaller producers. NSN LW9SBP07SXKX <GO>
-- Japan’s copper wire and cable shipments decreased 0.4 percent in November from a year earlier, an industry group said. NSN LW9UVV6JTSEC <GO>
-- Copper stockpiles monitored by the Shanghai Futures Exchange gained 6,858 metric tons to 79,570 tons this week, according to a statement on the bourse’s website. NSN LWADFT6JTSEB <GO>
-- Gold’s biggest rout in three months means traders are the least bullish since July and Dennis Gartman, the economist who sold the last of his metal on the day the slump began, warned of further declines. NSN LWAATA0D9L36 <GO>