Capital Market News COMEX copper futures soared as European markets jumped today. The red metal is currently trading at $3.82 per pound, up 1.50% after a modest comeback in the previous session. Easing of COVID-19 restrictions in top metals consumer China raised hopes of a revival in demand, although fears of a global economic slowdown due to rapid interest rate hikes is seen limiting gains. Meanwhile, NAR said US pending home sales index climbed 0.7 percent to 99.9 in May after plunging by 4.0 percent to a revised 99.2 in April. After reporting steep drops in U.S. pending home sales over the past several months, the National Association of Realtors released a report on Monday showing an unexpected rebound in pending home sales in the month of May. Durable goods orders also climbed by 0.7 percent in May after rising by 0.4 percent in April.