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Commodity Analysis

End Session Commentary

 
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Copper Consolidates Around $4.50 Per Pound
(19-Apr-2024, 18:15 Hours IST)  
COMEX Copper futures are lingering around $4.50 per pound mark, consolidating after recent gains as equities turned weak today amid Middle East tensions. The counter is still finding good support from mining worries in Zambia. COMEX Copper futures are currently trading at $4.46 per pound, up 0.66% on the day. Meanwhile, in Asia, China?s Shanghai Composite index fell 0.29%. Hong Kong?s Hang Seng index lost 0.99%. Japan?s Nikkei 225 index plunged 2.66%. European stocks fell. German DAX dipped 0.57% while French CAC has lost 0.29%. UK?s FTSE100 index shed 0.49%.US stocks were mostly weak. Nasdaq slid 0.5% while the S&P 500 eased 0.2%. The Dow edged up 0.1%.

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