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METALS-Copper slips on stronger dollar, weaker risk appetite

May 6 (Reuters) - Copper prices fell on Friday as the U.S. dollar rose to a 20-year high and as global equities tumbled on worries over a higher interest rate environment hurting global growth.


* Benchmark three-month copper on the London Metal Exchange (LME) was down 0.4% at $9,455.50 a tonne, as of 0156 GMT. Copper hit a 4-month low on Wednesday.

* The most-active June copper contract on the Shanghai Futures Exchange fell 1.3% to 72,100 yuan ($10,783.89).

* The dollar firmed near a 20-year high and was headed for a fifth winning week on Friday, ahead of closely watched U.S. jobs report that's likely to back the case for aggressive monetary policy tightening.

* A stronger dollar makes greenback-denominated metals expensive for buyers using other currencies.

* The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, to fight against soaring inflation.

* German industrial orders fell more than expected in March, driven mainly by a reduction in orders from abroad as the war in Ukraine hit manufacturing demand in Europe's biggest economy, data showed on Thursday.

* Peru pledged to review conditions around a major cooper mine but said it would not lift by Friday an emergency declaration temporarily suspending civil liberties in the area.

* The British government said on Thursday it had sanctioned steel manufacturing and mining company Evraz in response to Russia's invasion of Ukraine.

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* Asian shares tumbled on Friday while the U.S. dollar and Treasury yields rose in a reversal of a day earlier after investors expressed concerns that rising interest rates could hurt global economic growth.


0600 UK Halifax House Prices MM April

0600 Germany Industrial Output MM March

0645 France Reserve Assets Total April

1230 US Non-Farm Payrolls April

1230 US Unemployment Rate April

1230 US Average Earnings YY April


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 ($1 = 6.6859 Chinese yuan renminbi) (Reporting by Brijesh Patel in Bengaluru; Editing by Vinay Dwivedi)

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