Copper in red following 3% slide in last session

Copper futures fell today, following a sharp slide in last session. Equities were mixed in Europe and Asia after Wall Street closed lower amid rising geopolitical tensions and comments from US President Donald Trump. The Dow Jones Industrial Average snapped a three-day winning streak, giving up 0.94% while the S&P 500 declined 0.34%. The tech-heavy Nasdaq Composite edged up 0.16% though. Copper tanked more than 3% yesterday as mostly tepid economic cues hurt the mood. New orders for US manufactured goods slumped by 1.3 percent in Oct-25 while the US job openings slid to 4.15 million in November, marking one-year low after falling to a downwardly revised 7.45 million in October. The metal cut losses though as strike at Capstone Copper?s Mantoverde mine in Chile continues. The counter trades down 0.30% at $5.84 per pound.

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