COMEX Copper futures are attempting recovery from an over one-week low after sliding for three consecutive days. Firm global economic growth cues are capping losses and the counter currently quotes at $5.84 per pound, up 0.47% on the day. However, choppy overnight equities are limiting offsetting gains in the counter. The major averages on Wall Street saw further downside late in the session, closing near their worst levels of the day. The Dow slumped 870.74 points or 1.8 percent to 48,488.59, the Nasdaq plunged 561.07 points or 2.4 percent to 22,954.32 and the S&P 500 tumbled 143.15 points or 2.1 percent to 6,796.86. Meanwhile, the International Monetary Fund (IMF) has stated that global growth is projected to remain resilient at 3.3% in 2026 and at 3.2 percent in 2027: rates similar to the estimated 3.3% outturn in 2025. The forecast marks a small upward revision for 2026 and no change for 2027 compared with that in the October 2025 World Economic Outlook (WEO).

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