Copper around ond and half week low, equities mixed

COMEX Copper continued to consolidate in a tiny range under $4.50 per pound. The metal is at one and half week low right now. COMEX Copper futures are currently trading at $4.42 per pound, down marginally on the day. Meanwhile, equities are showing mixed trends today. In Asia, China's Shanghai Composite index soared 1% as the People's Bank of China kept its benchmark loan prime rate unchanged. Hong Kong's Hang Seng index added 0.17%. Japanese Nikkei average fell 1.51%, coming off a record high. European stocks eased with German DAX losing 0.30%. Wall Street saw mixed moves yesterday with Nasdaq and S&P 500 declining while Dow edged higher.

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