Copper futures manage to hold above $6 per pound mark

Copper futures managed to hold above $6 per pound mark as focus stayed on near term global growth trajectory. World Bank has stated in a latest update that the global economy has shown notable resilience to heightened trade tensions and policy uncertainty. Looking forward, global growth is projected to edge down to 2.6% this year as several supportive factors fade. COMEX Copper futures are trading at $6.04 per pound, up 0.42% on the day. Meanwhile, in Asia, Chinese shares gave up early gains to end lower after authorities lifted the minimum margin requirement for financing stock purchases to curb excessive speculation in capital markets. The benchmark Shanghai Composite index ended down 0.31%. Hong Kong's Hang Seng index rose 0.56%. Japanese markets hit another record high. The Nikkei average soared 1.50%. The US stocks turned lower in choppy moves yesterday. The Dow slipped 0.8%.

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