| 10 Jul 2024 17:52 | | Copper holds around $4.60 per pound mark | | | COMEX Copper futures edged up today after a mix outing in last session as supportive cues from equities pushed the metal up. Prices have eased from one month high recently and some choppy moves are being witnessed now. The metal currently trades at $4.59 per pound, up 0.38% on the day. In overnight trades, indices on the Wall Street extended gains to hit fresh record highs although in a choppy trading day. The Nasdaq and the S&P 500 once again reached new record closing highs. NFIB small business optimism improved to 91.5 in June from 90.5 in May, the highest reading of the year but still the 30th straight month below the historical average of 98.0 and inflation once again flagged as biggest problem. Today, China’s Shanghai Composite index eased 0.68% on the day after rising in last session though Japan’s Nikkei 225 index rose 0.61%. European stocks gained today. German DAX index jumped 0.79% while French CAC spiked 0.89%. UK’s FTSE100 is up 0.61% too. | | Powered by Capital Market - Live News |
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