Copper futures are holding at their highest level in over four months on Friday and trading above $5.4 mark tracking sustained weakness in greenback and positive cues from equities. European stocks traded higher for a fourth consecutive session on Friday after data showed Germany's factory orders grew more than expected in October on robust domestic demand. The pan European Stoxx 600 rose 0.3 percent to 580.52 after gaining half a percent on Thursday, supported by a rebound for major banks and automakers. The German DAX gained 0.6 percent, France's CAC 40 edged up by 0.3 percent and the U.K.'s FTSE 100 was up 0.2 percent. Currently, the counter is quoting at $5.43 per pound, up more than 1.2% on the day and headed for a weekly gain of over 3%. On the MCX, copper futures are quoting at Rs 1090 per kg, up 1.5% on the day.
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