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Commodity News Details
Copper recovers after meltdown in last session
29-Aug-2024 17:44
COMEX Copper futures recovered today after a sharp slide in last session. The metal is hovering just under five week high today as investors look at mixed cues from equities. COMEX Copper futures are currently trading at $4.20 per pound, down marginally on the day. Meanwhile, in Asia, China's Shanghai Composite index fell 0.50% while Hong Kong's Hang Seng index added 0.50%. Japanese Nikkei 225 index ended flat. European stocks moved up amid lack of major economic cues. US equities pulled back and dropped lower on Wednesday, although the indices managed to come off their worst levels by the end of the day. COMEX Copper melted around 2% amid these moves in last session.

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