Copper gains more than 1%

COMEX Copper futures moved up steadily amid mixed cues from equities today. In Asia, the Shanghai Composite Index fell 1.33% to test 14-month low. In Hong Kong, the Hang Seng index dipped 0.73%. Japan?s Nikkei 225 Index spiked 1.73%. European stocks mostly turned lower. UK?s FTSE100 index lost more than 1% while German DAX is own marginally. The US stocks moved up on Monday as traders started new week on a largely steady note following choppy moves in last week. Economic cues were absent for the US markets and bulk of the attention is now fixed on the Federal Reserve policy outcome due later in the week. COMEX Copper is up for third session in a row and is hovering near one-week high. The metal currently trades at $6.61 per pound, up 1% on the day. MCX Copper futures are trading at Rs 1400 per kg, up 0.56% on the day.

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