COMEX Copper futures held near five-week high, consolidating around 4.90 per pound as equities mostly provided positive cues for the metal. Equities rose across the globe today on steady overnight cues from the US. Chinese Shanghai Composite index rose 0.42%. Hong Kong's Hang Seng index gained 0.60%. Japanese NIKEEI index also added 0.80% after recent losses. European indices saw modest gains. The US stocks moved up with the Nasdaq and the S&P 500 reaching their best closing levels in over three months. MCX Copper futures are trading at Rs 874 per kg, up 0.28% on the day after hitting Rs 877 per kg.

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