MTECHTIPS;-Copper Edges Up, Up Nearly Half A Percent In Asia

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MTECHTIPS;-Copper Edges Up, Up Nearly Half A Percent In Asia

MTECHTIPS-COMEX Copper stayed in a recovery mode amid supportive global economic growth estimates and bargain buying after testing nearly one month low last week. The Organisation for Economic Co-operation and Development, in its latest Interim Economic Outlook (OECD), released Tuesday said that the global economy is set to expand at a robust pace this year and next, but trade tensions could threaten sustainable growth. The Paris-based think tank said the global economy will grow 3.9% in both 2018 and 2019. The projection for this year was revised up from 3.7% and that for 2019 from 3.6%. Stronger investment, the rebound in global trade and higher employment are helping to make the recovery increasingly broad-based, the OECD noted. COMEX Copper is currently up half a percent at $3.151 per pound. MCX Copper futures closed at Rs 451 per kg, up 0.18% on the day as a break above Rs 450 supported sentiments

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