London copper prices, often used as a gauge of global economic health, edged higher on Monday as investor appetite for riskier assets remained strong with expectations of a faster policy tightening by the US Federal Reserve mostly priced in.
Three-month copper on the London Metal Exchange was up 0.3 percent at $9,538 a ton, while the most-traded January copper contract on the Shanghai Futures Exchange inched 0.2 percent higher to 69,520 yuan ($10,927.55) a ton.
Asian stocks rose with investors seemingly confident markets can weather whatever comes from a host of central bank meetings this week, including the likely early end to US policy stimulus.
The US central bank, due to meet on Dec. 14-15, is widely expected to signal faster tapering of its asset buying program and an early start to rate hikes.
