COMEX Copper futures were upbeat on Tuesday morning in Asia tracking a good rebound on the Wall Street overnight. The Dow jumped 417.86 points or 1 percent to 42,001.76 and the S&P 500 climber 30.91 points or 0.6 percent to 5,611.85. The Nasdaq bounced well off its lows but still ended the day down 23.70 points or 0.1 percent at 17,299.29. The red metal is currently quoting at $5.08 per pound, up 1% on the day following a near 2% slide in the previous session. Meanwhile, consumer sentiment in the US fell in March, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for March was downwardly revised to 57.0 from a preliminary reading of 57.9. The consumer sentiment index is down sharply from a reading of 64.7 in February, plunging to its lowest level since hitting 56.7 in November 2022. However, latest data showed that China's official purchasing managers' index (PMI) rose to 50.5 in March from 50.2 a month prior, according to the National Bureau of Statistics (NBS), the highest reading since March 2024. Meanwhile on the MCX, the benchmark local futures were under RS 900 per kg.

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