Mumbai, May 11 -- COMEX Copper futures stayed well supported last week as the break above $6 per pound stayed in place. The metal hit fresh three-month highs and rallied around 5% last week. US equities stayed broadly supported despite worries over geopolitical front and kept Copper elevated. Meanwhile, the start of the second quarter of 2026 saw rates of expansion in global manufacturing output and new orders strengthen. However, price and supply chain pressures continued to build, while business optimism stabilised at March's five-month low. The J.P.Morgan Global Manufacturing PMI - a composite index produced by J.P.Morgan and S&P Global Market Intelligence in association with ISM and IFPSM - rose to 52.6 in April, up from 51.3 in March, ...
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