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Commodity News Details
COMEX Copper sees sharp spike
06-Jan-2025 17:23
COMEX Copper futures edged up from a two month low and currently quote at $4.14 per pound, up 1.70% on the day. A drop in inventories in last few days is pushing up the prices despite overall cautious demand outlook. Equities saw mixed movement. China's Shanghai Composite index fell 0.14% amid sustained losses. Hong Kong's Hang Seng index dipped 0.36%. Japanese Nikkei index tanked 1.50% as a drop under 40k triggered hefty correction. European stocks edged up. German DAX rose 0.42% on the day. The US stocks rebounded amid a strong outing for tech counters. The major U.S. stock indices experienced a robust recovery, with the Nasdaq leading the charge.

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