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Commodity News Details
Copper lingers around two month high
15-Jan-2025 18:02
COMEX Copper futures consolidated around two month high of $4.35 per pound amid steady cues from equities and recent decline in LME Copper stocks. The US dollar index eased from two year highs and is lingering around 109 mark ahead of consumer price inflation numbers and the sentiment is supportive for major commodities. However, on the MCX, Copper futures are trading at Rs 826.76 per kg, down 0.34% on the day amid a firm Indian Rupee which cut recent losses and added 17 paise to quote at 86.36 per US dollar. In equities, China's Shanghai Composite index eased 0.43% after a sharp spurt in last session. Hong Kong's Hang Seng index added 0.34%. Japanese Nikkei index ended flat. European stocks rose today with UK's FTSE100 soaring 0.75%. US stocks saw choppy moves on Tuesday, with technology stocks continuing to struggle. The markets are also recovering from a weak start to the year, having declined from record highs in December.

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