Copper pushes up near $4.50 per pound

COMEX Copper futures edged up today after a sizable correction in last session. Mixed equities and hopes regarding US-China trade deal and supporting the metal as it trades up 0.72% at $4.47 per pound. The US and China have extended their trade truce until 10 November. The higher tariffs will be suspended for another 90 days, Beijing and Washington said in a joint statement. In Asia, Chinese Shanghai Composite index rose half a percent while Hong Kong's Hang Seng index added 0.25%. Japanese markets soared 2.15% on solid surge in tech stocks. European stocks saw cautious moves. Meanwhile, the US stocks ended in red yesterday. DOW lost 0.5%, Nasdaq fell 0.3% and the S&P 500 also eased by the same magnitude.

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