Copper is steadying in early Asia on Tuesday following a sharp spurt yesterday tracking positive cues from global risk appetite. COMEX copper is currently quoting at $4.612 per pound, marginally lower on the day but recovering to a one-week high. Overnight equities continued to benefit from the upward momentum seen over the two previous sessions, which partly reflected renewed optimism about the outlook for interest rates. The Nasdaq and the S&P 500 reached new highs for the session going into the close of trading, The Nasdaq surged 192.92 points or 1.2 percent to 16,349.25, the S&P 500 jumped 52.95 points or 1.0 percent to 5,180.74 and the Dow climbed 176.59 points or 0.5 percent to 38,862.27. Powered by Commodity Insights |