MCX Copper slips half a percent amid tepid global cues

COMEX Copper futures pulled back today, giving up after some gains in last week as mixed equities capped advances in the red metal. A slightly firm trend in the US dollar index also weighed on the sentiments and COMEX Copper futures are currently trading at $4.43 per pound, down 0.72% on the day. The metal had gained around 0.80% in last week. On the MCX, Copper futures are currently trading at Rs 885.15 per kg, down 0.47% on the day. In Asia, Chinese stocks were largely supported on Monday. Chinese Shanghai Composite index added 0.17% while Hong Kong's Hang Seng index fell 1.36%. Japanese markets were closed for a holiday. European stocks eased marginally. German DAX is down 0.34%. US stocks gained despite tariff concerns. The Nasdaq jumped 1% the S&P 500 advanced 0.8% and the Dow added 0.5%.

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