MCX Copper holds above Rs 900 level

Copper held near recent three-month highs as falling inventories boosted the red metal. The COMEX Copper futures are currently trading at $5.12 per pound, up half a percent on the day. In Asia, Chinese Shanghai Composite index eased slightly. Hong Kong's Hang Seng index rose 0.62%. Japanese NIKEEI fell 0.56% as a slide from 11-month high extended. European stocks edged up modestly with German DAX adding half a percent. EU trade chief Maro? ?efčovič will be in Washington today in another attempt to strike a tariff deal with the US before the 9 July deadline next week. The US stocks saw mixed performance after recent strong gains pushed the Nasdaq and S&P 500 to record highs. The Dow stayed largely supported with a 0.9% gain. On MCX, Copper futures are holding above Rs 900 per kg and currently trade at Rs 900.80 per kg, up 0.28% on the day.

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