April, 30 2024 Tuesday 00:51 Hrs
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Pre Session Commentary - Detailed News

Base Metals Preview: Copper Stays Supported in Early Asia
15-Apr-24   08:52 Hrs IST

COMEX copper is staying supported on Monday morning in Asia even as gains are seen limited by weakness in equities amid escalating Middle East tensions. The Dow ended with a loss of 475.84 points or 1.24 percent at 37,983.24 on Friday. The S&P 500 drifted down 75.65 points or 1.46 percent to 5,123.41, while the Nasdaq settled at 16,175.09 with a loss of 267.10 points or 1.62 percent. The Dow shed nearly 2.5 percent in the week, while the S&P 500 and the Nasdaq dropped by about 1.6 percent and 0.5 percent, respectively. The red metal is now quoting higher by 0.80% at $4.29 per pound, after scaling to an intraday high of $4.3965 today.

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