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Commodity News Details
COMEX Copper Above $4.40 Mark
02-Jul-2024 18:18
COMEX Copper futures edged up today as a rebound from two and half month half lows. The metal trades at $4.44 per ounce, up 0.58% on the day. Choppy equities capped gains in copper. The JPMorgan Global Manufacturing PMI ? a composite index produced by J.P.Morgan and S&P Global Market Intelligence in association with ISM and IFPSM ? posted 50.9 in June, down slightly from May's high of 51.0. The PMI has remained above the neutral 50.0 mark, signalling improved operating conditions, for five months in a row. Meanwhile, China?s Shanghai Composite index edged up 0.08% while Japan?s Nikkei 225 index jumped 1.12%. European stocks slipped. German DAX index slumped 0.95% while French CAC lost 0.72% on the day. UK?s FTSE 100 eased 0.26%. US stocks edged up in overnight equities, Dow added 0.13% while S&P 500 advanced 0.27%. Nasdaq climbed 0.83%.

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