MELBOURNE, March 29 (Reuters) - London copper held steady near its highest in more than a week on Wednesday, underpinned by expectations of seasonally improving second-quarter demand.
* LME COPPER: Three-month copper on the London Metal Exchange was flat at $5,873 a tonne by 0127 GMT, holding 2 percent gains from the previous session when prices struck the highest since March 20 at $5,903 a tonne.
Prices have found a support at the 100-day moving average (DMA) around $5,767 and resistance around the 30 DMA at $5,881.
* SHFE COPPER: Shanghai Futures Exchange copper was up 2.4 percent at 47,460 yuan a tonne.
* CHINA SMELTERS: China’s top copper smelters have agreed to an 11 percent cut in second-quarter treatment and refining fees, after disruptions at the world’s two biggest copper mines curbed the global supply of raw material, three sources said on Tuesday.
* U.S. ECONOMY: U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at the start of the year.
* CHINA MANUFACTURING: China said on Tuesday it would expand the scope for insurance companies to provide more low-cost and long-term funds for the manufacturing sector as part of a broader effort to ramp up financial support for struggling manufacturers to upgrade.
* LME NEWS: Regulatory delays to a proposal to slash initial clearing margins by the London Metal Exchange has dealt another blow to the exchange’s ability to fend off competition from U.S. rival CME Group, whose margins are sharply lower.
* For the top stories in metals and other news, click or
* Wall Street followed gains in stocks globally on Tuesday after U.S. consumer confidence soared to a more than 16-year high, while the U.S. dollar bounced from a four-month low to post its best day in nearly a month.
0600 Germany Import prices Feb
0645 France Consumer confidence Mar
1400 U.S. Pending homes sales Feb
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 Melanie Burton; Editing by Amrutha Gayathri