Copper down half a percent

COMEX Copper eased amid choppy trades. Market remains supported on falling LME inventories but overall remains cautious. COMEX Copper futures are currently down 0.76% at $4.63 per pound. Equities are mixed. In Asia, China's Shanghai Composite index added 0.38% while Hong Kong's Hang Seng index closed up 1.5%. Japanese NIKEEI index closed marginally higher. European stocks turned modestly higher today. The US stocks stayed broadly supported as US President Donald Trump said that Russia and Ukraine will immediately start talks on a ceasefire. The Dow cut losses to end the day up 0.3 percent.

Powered by Commodity Insights