Copper around one-week high, MCX futures eye expiry of near month futures
Mumbai, Aug. 24 -- COMEX Copper futures consolidated around one-week high after a recovery in last week. The red metal is currently trading at $6.61 per pound, up 0.35% on the day amid mixed global equities. Stock market dipped in Asia. China's Shanghai Composite index eased 0.59%, testing around three-week low. Hong Kong's Hang Seng index tanked 1.89% while Japanese Nikkei index fell 0.74%. European stocks edged up modestly. The US stocks ended on a firm note on Friday after data showed continued economic resilience and a sharp acceleration in services-sector activity. The Dow rose around 0.98%. MCX Copper futures are currently trading at Rs 1386.60 per kg, up marginally on the day though the expiring of the contract on 31st of August kept...
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