15-Apr-2025 17:34

COMEX Copper futures pulled back after hitting highest mark in one and half week. The red metal had neared $4.70 per pound mark in last session but failed to extend gains thereafter and currently trades at $4.59 per pound, down 0.68% on the day. Equities remained supported as the US has offered a temporary kind of that reprieve on key products like smartphones, computers, electronic devices and components including semiconductors from reciprocal tariffs. China's Shanghai Composite index added 0.15%. Hong Kong's Hang Seng index rose 0.23%. Japan's Nikkei index gained 0.84%. European stocks were largely supported today. German DAX index spiked 1.29%. Good gains were seen in UK equities too. The US equities recorded good gains, supported by the partial tariff relief and renewed bargain buying following weeks of losses. The S&P 500 rose 0.8%, the NASDAQ Composite added 0.6%, and the Dow Jones Industrial Average also advanced 0.8%.

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