SINGAPORE, June 20 (Reuters) - Copper prices rose on Thursday along with most other base metals as the U.S. dollar slipped on signals that the Federal Reserve was ready to lower interest rates to combat growing risks.
The Fed on Wednesday left interest rates unchanged as widely expected, but said the case for lower rates was building, suggesting it could ease monetary policy as early as next month amid rising trade tensions and concerns about weak inflation.
The dollar index eased against a basket of six major currencies on Thursday after losing more than 0.5% overnight, making dollar-denominated metals cheaper to import using other currencies.
* Three-month copper on the London Metal Exchange was up 0.4% at $5,943 a tonne, as of 0155 GMT, while nickel advanced 0.4%, zinc edged up 0.1%, lead increased 0.3% and tin was up 0.5%.
* U.S. Trade Representative Robert Lighthizer said he expected to meet with Liu He, China’s vice premier and chief negotiator in the trade talks, in Osaka along with U.S. Treasury Secretary Steven Mnuchin before Trump’s meeting there with Xi.
* Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said.
* A group of Chinese firms have jointly established a rare earths innovation centre in the country’s Hebei province as part of a plan to develop a manufacturing base in the region, according to the local government hosting the project.
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* A gauge of global stock markets edged near this year’s peak while benchmark U.S. Treasury yields and the dollar dropped after the Federal Reserve signalled possible interest rate cuts later this year.
0230 Japan Bank of Japan Governor Haruhiko Kuroda
speaks to reporters at the end of the
central bank policy meeting
:: Japan JP BOK Rate Decision
1100 UK BOE Bank Rate June
1100 UK GB BOE QE Corp June
1300 Russia Unemployment Rate May
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
Reporting by Mai Nguyen, Editing by Sherry Jacob-Phillips