Copper supported, MCX futures above Rs 900 per kg

COMEX Copper futures stayed steady, holding just under $4.60 per pound as equities provided supportive cues. The red metal currently trades at $4.57 per pound, up 0.21% on the day, building on slowly after testing a one-week low on Monday. In Asia, China's Shanghai Composite index added 0.13%, holding onto recent gains. Hong Kong's Hang Seng jumped 1%. Japanese NIKKEI index soared 0.87%. European stocks saw mixed moves on Wednesday. In overnight moves, the US stocks gained on Fed rate cut optimism despite downward jobs revision. The Dow increased 0.4%. On MCX, Copper futures are trading at Rs 903 per kg, up marginally on the day.

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