June, 09 2026 Tuesday 11:28 Hrs
Last update 11-9-2025
  • SENSEX :   73,578.18

  • Commodity broking firm in India53.92( 0.07%) 09-Jun-2026

Pre Session Commentary - Detailed News

Base Metals Preview: COMEX copper attempts recovery in early Asia; DXY above 100 likely to limit gains
08-Jun-26   08:25 Hrs IST

COMEX copper futures are attempting recovery after having slumped by nearly 4% on Friday. Dollar index spiked above 100 for the first time in two months following a strong jobs data, driving sooner than expected rate hike by Fed. The red metal is seen pressured amid prolonged Middle East conflict and the near-closure of the Strait of Hormuz which concerns global growth expectations. Besides, expectations for tighter monetary policy in response to an energy-driven inflation shock also weigh on demand prospects. Meanwhile, an extended sell-off on Wall Street also added immense pressure on the red metal which ended the week at $6.28 per pound. The Nasdaq plunged 1,121.53 points or 4.2 percent to 25,709.43, the S&P 500 tumbled 200.57 points or 2.6 percent to 7,383.74 and the Dow slumped 695.15 points or 1.4 percent to 50,886.78. The counter is currently trading at $6.30 per pound, up 0.16% on the day.

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