Copper stays stable amid weak equities

COMEX Copper futures are quoting in a stable manner today, holding on after a slide to one and half week low. Firm global economic growth cues are capping losses and the counter currently quotes at $5.87 per pound, up 0.77% on the day. The International Monetary Fund (IMF) has stated that global growth is projected to remain resilient at 3.3% in 2026 and at 3.2 percent in 2027: rates similar to the estimated 3.3% outturn in 2025. The forecast marks a small upward revision for 2026 and no change for 2027 compared with that in the October 2025 World Economic Outlook (WEO). Meanwhile, Asian stocks mostly saw tepid action. Shanghai Composite index dropped marginally while Hong Kong's Hang Seng index lost 0.29%. Japanese markets fell sharply after Prime Minister Sanae Takaichi announced a snap general election. Japanese Nikkei 225 index tumbled more than 1% on political concerns. European stocks fell further amid rising tensions between the U.S. and Europe over Greenland. Major indices are down more than 1%.

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