MCX Copper holds around Rs 860 per kg mark

COMEX Copper futures rose amid an overall choppy trading. Market remains supported on falling LME inventories but overall remains cautious. COMEX Copper futures are currently up 0.78% at $4.69 per pound. Equities offered mixed cues but weak US dollar pushed up copper steadily. In Asia, China's Shanghai Composite index added 0.21% while Hong Kong's Hang Seng index closed up 0.62%. Japanese NIKEEI index dropped 0.61% on strength in Yen. European stocks eased on lack of progress on trade deal. The US stocks saw choppy moves yesterday. The major averages ended in negative territory. On the MCX, Copper futures are trading at Rs 859.75 per kg, up 0.18% on the day after hitting a high around Rs 864 per kg.

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