This Morning

In London, LME 3-mo. copper was trading higher around $4,880/mt this morning, in-line with COMEX copper’s rise to around $2.21 per pound. Gold futures advanced more than 1% early this morning to around $1,665 per troy ounce. In equities trading, stocks advanced at the major European bourses today, with the Stoxx 600 up nearly 3 percent while U.S. stock futures were pointing to a higher open (markets in mainland China are closed today for the Qingming holiday). In foreign exchange trading, the dollar was little changed in early trading with the euro recently buying $1.08 while the British pound was trading around $1.23.