BUZZ-Mining stocks rally continues

Mon Mar 14, 2016 7:12am EDT
 
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** One of the sharpest reversals of 2015's favourite trades -- shorting mining shares -- continues apace as metals prices hold recent gains

** Copper steady on the day after data from China pressures policymakers to intervene more heavily in the market

** Data also showed a recovery in the China's key property sector

** Bearish bets on miners and commodities have unwound sharply since Feb

** Short-squeezes saw Anglo American, Antofagasta and Glencore jump 15-22 pct in a single day last month

** Glencore, Anglo American top of the FTSE 100 on the day, up 5-6 pct; Antofagasta, BHP Billiton, Rio Tinto up 1.4-1.6 pct

** Anglo and Glencore consistently more volatile over the last year as markets grow concerned over their debt piles (Chart: bit.ly/1RQMQSV ) (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)