Copper well supported after good gains in last session

COMEX Copper futures held steady around two-month high as markets eyed steady demand cues from China and recent drop in LME inventories also helped the sentiments. COMEX Copper futures are currently trading at $5.13 per pound, up 0.75% on the day following a more than 1% advance in last session. In Asia, overall movement was thin in equities. Hong Kong's Hang Seng index fell 0.48% while Japan?s Nikkei index shed 0.45% after recent spike. European stocks edge higher on firm cues from banking players. The US stocks eased yesterday, coming off their record highs as worries over the government shutdown weighed on the market. Lack of major economic releases also weighed on the sentiments and the Dow Jones Industrial Average dropped 0.2%. The S&P 500 fell 0.4%, while the tech-heavy Nasdaq Composite also slipped 0.7%.

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