Mumbai, May 7 -- COMEX Copper futures fell sharply today as traders maintained caution ahead of the US Fed interest rate decision. The metal came off a one-week high and saw heavy selling after testing $4.80 per pound. Hopes of a stimulus fuelled recovery in China failed to prop up sentiments and the COMEX Copper futures are currently down 2.10% at $4.67 per pound. The counter had jumped around 1.70% in last session. In Equities, China's Shanghai Composite index rose 0.80% as central bank and financial regulators announced sweeping plans to cut key interest rates to support the economy, Hong Kong's Hang Seng index edged up 0.13%. Japan's Nikkei index fell 0.14%. European stocks eased marginally amid cautious trades. The US stocks dipped for...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.