COMEX Copper drifts lower amid tepid equities
COMEX Copper futures fell today, easing in tune with a risk-off mood as a firm US dollar capped the red metal. The counter currently trades down 1% at $5.51 per pound. Meanwhile, Asian stocks ended mostly lower on Wednesday as US President Donald Trump announced a 19 percent tariff on Indonesian exports. Chinese Shanghai Composite index eased marginally while Hong Kong's Hang Seng index fell 0.29%. Japanese NIKEEI also ended slightly lower. European stocks saw cautious moves as earnings stayed in focus. In overnight trades, the tech-heavy Nasdaq rose 0.2% to a new record closing high while the S&P 500 fell 0.4%. The Dow also slumped 1%. On MCX, Copper futures are trading at Rs 880.50 per kg, down 0.40% on the day.
More News
You may also like...
Diddy's Legal Troubles & Racketeering Trial
Music mogul Sean 'Diddy' Combs was acquitted of sex trafficking and racketeering charges but convicted on transportation...
Thomas Partey Faces Rape & Sexual Assault Charges
Former Arsenal midfielder Thomas Partey has been formally charged with multiple counts of rape and sexual assault by UK ...
Nigeria Universities Changes Admission Policies
JAMB has clarified its admission policies, rectifying a student's status, reiterating the necessity of its Central Admis...
Ghana's Economic Reforms & Gold Sector Initiatives
Ghana is undertaking a comprehensive economic overhaul with President John Dramani Mahama's 24-Hour Economy and Accelera...
WAFCON 2024 African Women's Football Tournament
The 2024 Women's Africa Cup of Nations opened with thrilling matches, seeing Nigeria's Super Falcons secure a dominant 3...
Emergence & Dynamics of Nigeria's ADC Coalition
A new opposition coalition, led by the African Democratic Congress (ADC), is emerging to challenge President Bola Ahmed ...
Demise of Olubadan of Ibadanland
Oba Owolabi Olakulehin, the 43rd Olubadan of Ibadanland, has died at 90, concluding a life of distinguished service in t...
Death of Nigerian Goalkeeping Legend Peter Rufai
Nigerian football mourns the death of legendary Super Eagles goalkeeper Peter Rufai, who passed away at 61. Known as 'Do...
