Dear All,
BASE METAL WRAP:
Copper fell as better-than-expected U.S. trade data fueled concern the Federal
Reserve may reduce its bond purchases this year, reducing stimulus from the
economy and weakening demand for base metals.
ENERGY WRAP:
West Texas Intermediate oil snapped a three-day losing streak before U.S
. government data forecast to show crude inventories fell to a six-month
low in the country, the world’s largest oil consumer.
PRECIOUS METAL WRAP:
Gold retreated to the lowest level in three weeks, declining for a third day,
on speculation that the Federal Reserve will start to reduce bond purchases
by the end of the year as the U.S. economy improves. Platinum fell.
GLOBAL EVENTS TO WATCH:
Employment Change q/q, Unemployment Rate, CPI m/m, BOE Gov Carney Speaks, BOE Inflation
Report, Building Permits m/m, Ivey PMI, Crude Oil Inventories, 10-y Bond Auction.
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