Mumbai, Sept. 1 -- COMEX Copper futures spiked more than 1% in last session and stayed elevated though mixed equities capped upside. The metal currently trades at $4.58 per pound, almost unchanged on the day. Markets eyed data from China. Manufacturing sector conditions in China improved midway through the third quarter, according to latest PMI data. Manufacturing production returned to growth on the back of rising new orders. The headline seasonally adjusted Purchasing Managers' Index (PMI) posted 50.5 in August, up from 49.5 in July. Rising above the 50.0 no-change threshold in August, the latest figure signalled that manufacturing sector conditions improved midway through the third quarter of the year.
Copper is holding around one-month...