COMEX Copper futures extended previous day's sharp recovery on Wednesday morning in Asia as markets hoped for steady demand from China. Extremely weak movement in the US dollar also boosted the counter. The red metal currently trades at $4.82 per pound, up 1.19% on the day following a more than 2% spike yesterday. A sustained pullback in LME Copper inventories over last few days is also supporting the counter. Meanwhile, US equities closed on a negative note on Tuesday after a highly volatile session. Worries about global economic outlook, and fears of a possible recession in the U.S., due to the trade war hurt investor sentiment. The Dow settled lower by 478.23 points or 1.14 percent, at 41,433.48, after scaling a low of 41,175.37 and a high of 41,868.27 in the session. The S&P 500 ended down 42.49 points or 0.76 percent, at 5,572.07, while the Nasdaq settled lower by 32.23 points or 0.18 percent, at 17,436.10. The Nasdaq climbed to 17,687.40 in the final hour, rallying from a low of 17,238.24.

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