Base Metals Preview: Copper futures ease from 2-week high

COMEX Copper futures ease in early Asia on Thursday, from around two week high attained in the previous session. The red metal has been supported after US President Donald Trump extended a trade truce with China for another 90 days Monday. Equities provided sound cues for the metal today. The Nasdaq inched up 31.24 points or 0.1 percent to 21,713.14 and the S&P 500 rose 20.82 points or 0.3 percent to 6,466.58, while the narrower Dow posted a more significant gain, jumping 463.66 points or 1.0 percent to 44,922.27. At the time of writing, the counter is seen quoting at $4.50 per pound, up 0.10% on the day.

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