MTECHTIPS;- Copper Drops Amid Weak Equities

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MTECHTIPS;- Copper Drops Amid Weak Equities

MTECHTIPS-COMEX Copper slipped in Asia today as equities dropped amid US political uncertainty and lack of buying from funds following the recent choppy trading. Media reports stated that US president Donald Trump was reportedly planning to remove his national security adviser Herbert Raymond Mc Master, adding to the growing U.S. political uncertainties following the departure of former Secretary of State Rex Tiller son and top economic advisor Gary Cohn. Meanwhile, worries over the investigation into the Trump Organization also weighed on sentiments. COMEX Copper had slipped heavily yesterday after testing two week high in previous session and extended the losses today well. The metal is down 0.19% at $3.120 per pound. MCX Copper futures closed at Rs 451 per kg, down around 1% on the day. Expect further losses after break under Rs 450 mark

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