Copper flat; investors eye jobs data, US holiday
* Shanghai prices driven by liquidity flood, not fundamentals

Shanghai copper edged lower on Thursday while London futures held onto the previous day's gains ahead of fresh U.S. jobs data that may confirm signs of economic recovery after positive manufacturing numbers.

Data from the Institute for Supply Management showed manufacturing in the U.S shrank at a slower pace in June than in the previous month, and the purchasing managers' index in China was also upbeat.

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