COMEX Copper futures climbed by around half a percent in early Asian trades on Tuesday tracking positive cues from equities and easing dollar overseas. The Nasdaq climbed 98.31 points or 0.5 percent to 21,978.70, the Dow increased 114.09 points or 0.3 percent to 45,514.95 and the S&P 500 rose 13.65 points or 0.2 percent to 6,495.15. The strength on Wall Street partly reflected optimism about the outlook for interest rates following last Friday's weaker-than-expected U.S. employment data. Meanwhile, China released its preliminary trade data for metals showing strong domestic demand for industrial metals. Imports of unwrought Copper rose 1.2% YoY to 425.1kt in August. However, cumulative Copper imports are still down 2.2% YoY to 3.5mt in the first eight months of the year. Currently, the counter trades at $4.57 per pound, up 0.41% on the day.
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