COMEX Copper futures stabilized as equities showed a promising upturn today following recent slump. The red metal is still near four month low though as soaring inventories and worries over Chinese demand is capping gains. COMEX Copper futures are currently trading at $3.97 per pound, down 1.25% on the day with the recent slide under $4 still weighing on the commodity. Meanwhile, Asian stocks gained today. China's Shanghai Composite index added 0.09%. Japan's Nikkei 225 index jumped 1.20% while Hong Kong's Hang Seng index spiked 1.40%. European stocks soared with major indices racing up more than 1%. US stock indices edged higher on Tuesday after a rout in global markets on Monday. The S&P 500 and the Nasdaq added 1% each and the Dow Jones rose 0.76% as investors took a pause from recession fears.

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