COMEX Copper futures continue to stay depressed at around a four month low although recovery in global equities are limiting losses in the counter. The S&P 500 and the Nasdaq added 1% each and the Dow Jones rose 293 points as investors took a pause from recession fears. US equities mounted a strong comeback on Tuesday, rebounding after a three-day slump. Asian stocks also rallied after the Bank of Japan's deputy governor said it won't raise interest rates if markets are unstable, reassuring investors unnerved by a recent surge in the yen. However, sustained rise in copper inventories and dollar rally above 103 mark could add some pressure on the red metal. Currently, copper futures are trading at $3.99 per pound, down 0.73% on the day.

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