MELBOURNE, March 8 (Reuters) - London copper climbed on Wednesday as traders took profit on short positions ahead of China trade data, after large inventory flows into exchange warehouses sent prices to a five-week low.
FUNDAMENTALS
* Three-month copper on the London Metal Exchange CMCU3 was up 0.4 percent at $5798.50 a tonne by 0142 GMT, paring 1.5 percent losses from the previous session. Prices on Tuesday fell to $5,759 a tonne, the weakest since Feb 3.
* Shanghai Futures Exchange copper SCFcv1 fell 0.9 percent to 47200 yuan ($6,838) a tonne. Earlier in the session, prices hit their lowest in a month at 46,910 yuan a tonne.
* Japan's gross domestic product growth was revised up in the fourth quarter as capital expenditure grew at the fastest pace in almost three years, welcome news for policymakers as they begin to discuss how to wind down years of massive stimulus. Bankers and stock markets are signaling an upcoming wave of mergers and acquisitions among small and mid-sized miners, but financiers worry that companies have not learned from costly mistakes made in the last commodity boom. nL2N1GK1C7
* Philippine President Rodrigo Duterte said on Tuesday he hopes there will be a "happy compromise" between the mining industry and protecting the environment, throwing support once more to an embattled minister who shut half of the country's mines. For the top stories in metals and other news, click
TOP/MTL or MET/L
MARKETS NEWS
* Asian shares edged lower on Wednesday after the week's strong start as investors took profits in the wake of a weak Wall Street and in anticipation that U.S. interest rates will rise next week for the second time in three months. MKTS/GLOB
DATA AHEAD (GMT)
0200 China Trade data Feb
0745 France Trade data Jan
0800 Germany Industrial output Jan
1315 U.S. ADP national employment Feb
1500 U.S. Wholesale sales Jan
PRICES
Three month LME copper
CMCU3
Most active ShFE copper
SCFcv1
Three month LME aluminium
CMAL3
Most active ShFE aluminium
SAFcv1
Three month LME zinc
CMZN3
Most active ShFE zinc
SZNcv1
Three month LME lead
CMPB3
Most active ShFE lead
SPBcv1
Three month LME nickel
CMNI3
Most active ShFE nickel
SNIcv1
Three month LME tin
CMSN3
Most active ShFE tin
SSNcv1
($1 = 6.9025 Chinese yuan)