MCX Copper marginally in green

COMEX Copper futures managed to sustain around two-week low amid weak US dollar but gains were limited amid elevated LME Copper inventories. The counter currently trades at $6.42 per pound, down marginally on the day. MCX Copper futures are trading at Rs 1368.45 per kg, almost unchanged on the day. In Asia, China?s Shanghai Composite Index spiked 2.16%. In Hong Kong, the Hang Seng index jumped 1.67%. Japan?s Nikkei 225 Index fell around 1.40%. European stocks saw impressive gains with German DAX index sparing more than 1%. The US stocks surged Wednesday following the resolution of US midterm elections while oil prices stumbled on expectations the Democratic sweep could hasten a resolution to the US-Iran war.

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