July, 12 2025 Saturday 15:49 Hrs
  • SENSEX :   82,500.47

  • Top commodity trading and broking companies in India-689.81( -0.83%) 11-Jul-2025

End Session Commentary - Detailed News

COMEX Copper up 2%, equities supported
10-Jul-25   18:12 Hrs IST
COMEX copper is holding just under record highs. The solid gains in the red metal this week were triggered by US President Donald Trump announcement that the tariffs on copper are set to be kept at 50%. He announced on Wednesday a new 50% tariff on copper, set to take effect on August 1. Meanwhile, dollar pullback and positive cues from overnight equities also supported good gains in the commodity. The counter is currently trading at $5.60 per pound, up 2% on the day. In Asia, Chinese Shanghai Composite index added 0.48% to hit eight month high. Hong Kong's Hang Seng index rose 0.57%. Japanese NIKEEI shed 0.44%. European stocks stayed supported in hopes of the U.S.-EU trade deal. The US equities saw good gains in last session as the Dow added 0.5%.

Powered by Commodity Insights

Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.