COMEX copper is trading lower by around half a percent on the day at $5.27 per pound, halting recent rally. The red metal is seen paring some gains from a four month high registered in the previous session. Rising copper inventories are also adding pressure on the commodity. LME Copper inventories surged in last session to a six month high. Inventories jumped 2250 tonnes to 159425 tonnes. European stocks inched higher on Tuesday, with Ukraine peace talks and upcoming U.S. economic data in focus. The pan European Stoxx 600 was up 0.2 percent at 576.24 after ending down 0.2 percent on Monday. The German DAX gained half a percent, France's CAC 40 edged up by 0.3 percent and the U.K.'s FTSE 100 was up 0.1 percent. Major averages on the Wall Street finished the session firmly in negative territory. The Dow slumped 427.09 points or 0.9 percent to 47,289.33, the Nasdaq fell 89.76 points or 0.4 percent to 23,275.92 and the S&P 500 slid 36.46 points or 0.5 percent to 6,812.63. On the MCX, copper futures are quoting above Rs 1000 per kg.

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