29-Sep-2025 17:52

COMEX Copper futures are witnessing good gains today. The red metal currently trades at $4.81 per pound, up 1% on the day. China's industrial profits returned to growth in August amid broadly choppy undertone on economic front. Industrial profits rose 20.4% in August from a year earlier, reversing a 1.5% year-on-year decline in July, while profits grew 0.9% in the first eight months compared to a 1.7% decline in the January-July period, National Bureau of Statistics (NBS) data showed on Saturday. On Friday, all the three major averages on Wall Street edged higher following the release of crucial US inflation data. US core inflation held steady in August, keeping the Federal Reserve on track for expected rate cuts. In Asia today, China's Shanghai Composite index jumped 0.90%, adding to recent gains. Hong Kong's Hang Seng index spiked 1.89%. Japan's Nikkei 225 index eased 0.69%, easing near 45K mark. European stocks edged up in cautious moves.

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