MCX Copper futures are trading flat with a note in the first movements of today

Indore, India
September 3, 2013 6:22am CST
MCX Copper futures are trading flat with a note in the first movements of today , after an impressive rally in the last session. Overall tone remains strong after a flurry of positive economic data from around the world . However, some moderation might arise now as Foreign Relations Committee of the U.S. Senate has scheduled hearings Tuesday and Wednesday with President Barack Obama has proposed a military attack against Syria. COMEX futures are quoted at $ 3.2925 , up 1.84 % on the day . Copper had gained yesterday after the HSBC / Markit manufacturing PMI rose to 50.1 in August from 47.7 in July. The indicator has recovered from an 11- month low in July, and implies that the growth in the Chinese manufacturing sector now has started to stabilize . The index is pointing to expansion in the sector for the first time in four months.
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