Copper pulls back, MCX futures under Rs 890 per kg

COMEX Copper futures slipped today as highs around $4.50 per pound mark continued to cap the upside for the metal. Equities were negative on general tariff and geopolitical worries. In Asia, China's Shanghai Composite index eased 0.39% after recent surge. Hong Kong's Hang Seng dipped 1.18%. Japanese Nikkei average lost around 1% amid rising bond yields. European stocks stayed weak with French CAC sliding around 2% on political worries. US stock markets fell yesterday amid volatile moves. DOW dipped 0.80%, sliding from record high. COMEX Copper futures are currently trading at $4.44 per pound, down 0.55% on the day. On MCX, Copper futures are trading at Rs 888.20 per kg, down 0.26% on the day after failing to sustain around Rs 894 per kg mark in morning trades.

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