Record highs in the S&P 500 and NASDAQ Composite indices, alongside a 2019 dollar-index high of 97.73, (at the close on April 23) boosted economic optimism with some base metals trading up in the morning session on April 24, while others remain marginally suppressed.
United States' stocks recovered to a record degree on Tuesday April 23 in response to dovish rhetoric from the US Federal Reserve and global central banks, while governments want to quell ongoing economic uncertainty leaving the London Metal Exchange base metals complex to consolidate. Copper made the most significant price gain in the morning session on April 24, trading up by $40.50 per tonne to around $6,446.50 per tonne. The LME three-month contract is...