Copper lingers near three-week top, LME Copper inventories down 16% in last one month
Mumbai, July 16 -- COMEX Copper futures stayed near three-week high despite equities offering mostly downbeat cues today. The metal is being well supported due to falling LME Copper inventories which have shed around 16% in last one month and currently linger around lowest in four and half months. The counter currently quotes at $6.38 per pound, up 0.65% on the day. MCX Copper is up 0.32% at Rs 1315.90 per kg. Meanwhile, in Asia, China's Shanghai Composite index slumped 1.85% to test its lowest mark in three and half months. Hong Kong's Hang Seng index scaled up 1.23%. Japan's Nikkei average tanked 2.79% to test one-week low. European stocks fell today. German DAX is down 0.61% on the day while French CAC lost 0.65% on the day. Risk sentime...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.