Copper dips around 1%, European equities fall

COMEX Copper futures turned lower today in volatile trades. The metal had soared around 2% in last session but flipped back today amid mixed equities. In Asia, China's main CSI300 index edged up 0.22%. Hong Kong's benchmark Hang Seng index lost heavily and gave up 1.50% after heavy gains in last session. Japan?s Nikkei average spiked 2.50% to hit a record high. European stocks eased with German DAX sliding around 1%. Copper zoomed up yesterday as US stocks moved up and major indices hit another wave of records. The red metal is currently down 0.94% at $6.61 per pound. Latest gains for Copper have emerged in the face of steady economic cues from China. The Composite Output Index climbed to 54.0 in May from 53.1 in April, signalling the fastest overall growth since February. MCX Copper futures are down 0.19% at Rs 1376.70 per kg.

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