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Commodity News Details
Copper lax around $4.10 per pound
26-Jul-2024 18:41
COMEX Copper futures stayed glued to four month lows with not much of a movement being witnessed amid mixed equities. The red metal has been hurt due to rising LME inventories and worries over Chinese demand and currently trades at $4.12 per pound, almost unchanged on the day. Meanwhile, in Asia today, China's Shanghai Composite index edged marginally. Hong Kong's Hang Seng index added 0.10% after yesterday's tumble. Japan's Nikkei 225 index lost 0.53% amid Yen strength. European stocks gained ahead of weekend. US stocks ended mixed on Thursday following a good rebound early in the session owing to sharper than expected acceleration in U.S. economic growth in the second quarter. Tech stocks stayed under pressure though.

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