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Commodity

Commodity Analysis

End Session Commentary

 
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Copper dips more than 2%
(17-Apr-2025, 18:22 Hours IST)  
COMEX Copper futures corrected today as two-week high mark continued to cap upside for the metal. Weak European markets pulled the counter down in afternoon and COMEX Copper futures are currently trading down 2.20% at $4.61 per pound. Meanwhile, in Asia, China's Shanghai Composite index added 0.13%, holding onto modest gains this week. Hong Kong's Hang Seng index jumped 1.61%. Japan's Nikkei index gained 1.35% after a sharp drop yesterday. European stocks fell today. German DAX index is down 0.60% while French CAC lost 0.83%. The US stocks slipped amid sustained worries on trade front. on saw the Dow lost 1.7% while the S&P 500 fell 2.2% and the Nasdaq was down 3%. The US Federal Reserve Chair Jerome Powell has warned of higher inflation, saying policy changes under the Trump administration have put the Fed in uncharted territory.

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