S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Copper futures remained above $5.95 per pound on Friday after rebounding in the previous session, supported by signs of improving demand in China despite ongoing headwinds from the Middle East conflict. Data released Thursday showed Chinese manufacturing activity expanded more than expected in April, as factories accelerated production to ship goods early to overseas buyers concerned that the Iran conflict could further drive up costs.
The metal also continues to draw support from solid underlying fundamentals, with major technology firms securing long-term supply agreements that are driving rapid expansion in data center infrastructure, reinforcing copper demand given its critical role in electrification and power grid networks. However, Commerzbank cautioned that elevated copper prices are increasingly acting as a key constraint on further upside, potentially limiting additional gains in the near term.
