Copper scales up towards $4.60 per pound, Asian stcosk soar

COMEX Copper futures scaled up steadily today as firm equities pushed up the metal towards $4.60 per pound. It currently trades up 0.79% at $4.59 per pound. In Asia, China's Shanghai Composite index soared 1.24%, witnessing a good recovery after falling this week. Hong Kong's Hang Seng spiked 1.40%. Japanese markets rose sharply, with auto and technology stocks leading the surge after US President Trump signed the executive order cutting the tariff on the country's automotive imports. NIKKEI index jumped 1% following this. European stocks moved up in cautious trades ahead of the release of US nonfarm payrolls data. The US stocks moved notably higher yesterday with S&P 500 closing at a new record high.

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