Mumbai, May 8 -- Copper continues to lose momentum in early Asia on Wednesday as dollar firms up on hawkish remarks from Fed officials. Meanwhile, overnight equities failed to hold strength and gave back ground also added pressure on the red metal. While the Nasdaq edged down 16.69 points or 0.1 percent to 16,332.56, the Dow crept up 31.99 points or 0.1 percent to 38,884.26 and the S&P 500 inched up 6.96 points or 0.1 percent to 5,187.70. Nevertheless, continued fall in LME copper inventories is limiting downside in the metal. Currently, Copper futures are quoting at $4.57 per pound, down 0.76% on the day.
Published by HT Digital Content Services with permission from Capital Market....