Copper holds above $5 mark in cautious trades

COMEX Copper futures are holding above $5 per pound today amid steady cues from equities but looking cautious after a 2% slide in last session. US-China trade friction is weighing on sentiments and is keeping Copper under check after it hit more than two-month high earlier this month. The commodity currently trades at $5.03 per pound, up marginally on the day. In Asia today, China's Shanghai Composite index jumped 1.22% while Hong Kong's Hang Seng index soared 1.84%. Japan?s Nikkei 225 index gained 1.58% after heavy losses in last session. European stocks edged up as earnings stayed in focus. The US stocks saw volatile moves yesterday. The Dow rose 0.4%, covering losses in early moves. The S&P 500 index eased 0.2% while the Nasdaq slid 0.8%%.

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