Copper futures rose above the $5.2 per pound on Monday, reaching its highest level in four months amid sustained weakness in greenback overseas on increasing bets of a December Federal rate cut. Equities however remained subdued across Asia and Europe limiting gains in the red metal. Asian stocks ended mixed on Monday as China's factory activity data disappointed and Bank of Japan Governor Kazuo Ueda gave one of his clearest indications that his board might increase interest rates soon. European stocks were subdued on Monday after closing November on a robust note amid optimism surrounding potential U.S. rate cuts. The pan European Stoxx 600 slipped 0.2 percent to 575.15 after rising by 0.3 percent on Friday. The German DAX fell 0.7 percent, France's CAC 40 shed 0.4 percent and the U.K.'s FTSE 100 was marginally lower. However, on Friday, the major averages on Wall Street ended just off their highs of the session, keeping the counter supported. The Dow climbed 289.30 points or 0.6 percent to 47,716.42, the Nasdaq advanced 151.00 points or 0.7 percent to 23,365.69 and the S&P 500 rose 36.48 points or 0.5 percent to 6,849.09. COMEX copper is currently quoting at $5.029 per pound. On the MCX, copper futures were trading higher around Rs 1045 per kg.

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