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Commodity News Details
Base Metals Preview: COMEX copper regains momentum in early Asia
27-Apr-2026 09:00

COMEX copper futures surged higher tracking positive cues from US equities over the weekend and slight pessimism in dollar. Stocks on Wall Street moved back to the upside during trading on Friday. The Nasdaq and S&P 500 reached new record closing highs. The tech-heavy Nasdaq led the way higher, jumping 398.09 points or 1.6 percent to 24,836.60, while the S&P 500 advanced 56.68 points or 0.8 percent to 7,165.08. The red metal was also supported by strong economic data from China which showed industrial profits climbed 15.5% year-on-year in the first quarter of 2026, accelerating slightly from 15.2% in January'February. The counter is quoting at $6.06 per pound during early Asian trades.

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