Firm Equities Underpin Copper, MCX Futures Hit Above Rs 713 Per Kg

9 Dec 2022 , 05:22 PM

COMEX Copper futures steadied around their three week highs today amid supportive global equities. Asian stocks edged up. Chinas Shanghai Composite index added 0.30% while Hong Kongs Hang Seng index jumped 2.30%. Japans Nikkei 225 index gained 1.18%. European markets continue to see a very tight action ahead of weekend. The US stocks moved mostly higher during trading on Thursday. The Dow rose 0.60% as a recovery from three week low continued. The red metal currently quotes at $3.88 per pound, up 0.13% on the day. MCX Copper futures are up 0.18% at Rs 709.20 per kg after hitting a high of Rs 713.50 per kg in intraday moves.Powered by Commodity Insights