| 12 Sep 2024 16:40 | | Copper bounces to two week high | | | COMEX Copper futures bounced impressively today as firm cues from European stocks boosted the red metal. The commodity has been in a good form this week and currently trades up 1.80% at $4.21 per pound, hitting two week high. Meanwhile, in Asia, China’s Shanghai Composite index slipped 0.17%. Hong Kong’s Hang Seng index gained 0.77%. Japan’s Nikkei 225 index spiked 3.41% on signs that inflation is easing. European stocks rose impressively as major indices soared around 1%. The US stocks ended higher following a sharp intraday bounce. The DJIA rose 0.3% to 40,861.71, the S&P 500 added 1.1% to 5,554.13, and the Nasdaq spiked 2.2% to 17,395.53. | | Powered by Capital Market - Live News |
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