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Commodity News Details
Copper down 4.60% in October 2024
31-Oct-2024 17:25
COMEX Copper futures are trading in a narrow range today as steady economic cues supported the sentiments. China's official purchasing managers' index for October came in at 50.1, in expansionary territory for the first time since April, according to National Bureau of Statistics data released Thursday. Equities were mostly bearish though, capping advances in the red metal. COMEX Copper futures are currently trading at $4.34 per pound, down 0.20% on the day. In Asia, China's Shanghai Composite index rose 0.42%. Hong Kong's Hang Seng index eased 0.31%. Japanese Nikkei index lost 0.50% after the central bank kept rates unchanged. European markets fell today with French CAC dropping around 0.90%. German DAX eased 0.50% too.The US stocks saw sideways moves yesterday and ended on a slightly negative note as investors assessed earnings and economic news. Copper has lost around 4.60% this month.

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