COMEX Copper pulled back today amid mixed cues from equities though overall action was sideways. Asian markets mostly stayed supported. Chinese benchmark Shanghai Composite index added 0.23%. Hong Kongs Hang Seng index fell around 1%. Japanese Nikkei index edged up 0.13%. European stocks moved up with good gains emerging in the French market. The US stocks saw a lax outing yesterday. The Dow closed flat while S&P 500 ended lower 0.37% on the day. Copper had rebounded last night but seemed to be tracking the firm action in the US dollar today. The COMEX Copper futures are currently trading down 1% at $4.41 per pound. MCX Copper is quoting at Rs 749.75 per kg, down 0.64% on the day.
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