Copper slips modestly

Copper futures slipped today, easing from around two-week high as firm US dollar and worries over near term demand trends weighed. The euro area private sector economy expanded at a slower pace in March, marking the weakest growth in nine months. COMEX Copper pulled back under $5.60 per pound following this and currently trades at $5.58 per pound, down 0.38% on the day. MCX Copper also eased in intraday moves and currently trades flat around Rs 1163.30 per kg. Meanwhile, in Asia, China's Shanghai Composite index added 0.26% while Japan?s Nikkei average gained marginally. European markets edged up modestly. US stocks rose on Monday amid cautious mood. The S&P 500 added 0.4%, while the Dow gained 0.3%. The tech-heavy Nasdaq Composite rose 0.5%.

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