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Commodity News Details
Copper Lingers Just Under $4.50 Per Pound
22-Apr-2024 17:59
Copper futures steadied just under $$4.50 per pound today, consolidating around 20 month high amid mixed equities. The metal has gone up sharply in last few days and the near term focus is likely to shift on the movement in broad equity indices. Meanwhile, in Asia, China?s Shanghai Composite index dropped 0.67%. Hong Kong?s Hang Seng index jumped 1.77%. Japan?s Nikkei 225 index soared 1%. European stocks started the week on a firm note amid lack of major economic cues. German DAX jumped 0.71% while French CAC has added 0.31%. UK?s FTSE100 index soared 1.49%. US stocks saw sustained selling in tech counters. Nasdaq lost 2.1% and ended lower for the sixth straight session. The index is at its lowest closing level in well over two months.

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