Dear All,
BASE METAL WRAP:
Copper fell for the first time in five days as the U.S. government headed for a potential shutdown over a budget stalemate. Lead and nickel also dropped.
ENERGY WRAP:
West Texas Intermediate slid for a third day as the U.S. government shut down over a budget stalemate, threatening to slow the economy and reduce demand in the world’s largest oil consumer.
PRECIOUS METAL WRAP:
Gold held losses after posting the first monthly decline since June on speculation that any U.S. government shutdown, which may start today, will be short-lived. Platinum touched an 11-week low.
GLOBAL EVENTS TO WATCH:
Manufacturing PMI, Retail Sales m/m, Cash Rate, RBA Rate Statement, Manufacturing PMI, Final Manufacturing PMI, ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m, Total Vehicle Sales.
BASE METAL WRAP:
Copper fell for the first time in five days as the U.S. government headed for a potential shutdown over a budget stalemate. Lead and nickel also dropped.
ENERGY WRAP:
West Texas Intermediate slid for a third day as the U.S. government shut down over a budget stalemate, threatening to slow the economy and reduce demand in the world’s largest oil consumer.
PRECIOUS METAL WRAP:
Gold held losses after posting the first monthly decline since June on speculation that any U.S. government shutdown, which may start today, will be short-lived. Platinum touched an 11-week low.
GLOBAL EVENTS TO WATCH:
Manufacturing PMI, Retail Sales m/m, Cash Rate, RBA Rate Statement, Manufacturing PMI, Final Manufacturing PMI, ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending m/m, Total Vehicle Sales.
