Last Updated on August 10, 2026 9:49 pm by INDIAN AWAAZ
BIZ DESK
Copper futures stabilised during today’s session following a minor correction, supported by a steady global risk appetite and tightening warehouse inventories.
Key Market Metrics
- COMEX Copper: Trading at $6.63 per pound, marking an increase of 0.53% for the day and a monthly gain of approximately 2.5%.
- MCX Copper: Up 0.85% at Rs 1,377.15 per kg.
- Inventory Levels: London Metal Exchange (LME) inventories declined to a six-month low, providing fundamental support to prices.
Global Market Performance
Asian Markets
- Shanghai Composite: Gained 0.67%.
- Hang Seng Index: Soared 1.05%.
- Nikkei Average: Spiked roughly 2%, reaching a three-week high.
Western Markets
- European Equities: Experienced mixed and choppy trading action.
- US Markets: Maintained firm sentiment, with the S&P 500 closing at a record high of 7,757 on Friday, capping off the major US indices’ strongest weekly performance since April 2026.