BASE METAL WRAP:
Copper futures fell for on signs that the U.S. housing
recovery may be slowing, fueling speculation that demand will ebb for
the metal used in pipes and wiring.
ENERGY WRAP:
West Texas
Intermediate oil swung between gains and losses near a five-month low as
investors weighed the prospect that the U.S. will taper economic
stimulus. Crude stockpiles probably declined after eight weeks of
increases, according to a Bloomberg News survey.
PRECIOUS METAL
WRAP: Gold fell as investors weighed comments from Fed policy makers about the outlook for stimulus amid a rally in equities that’s cut demand for the metal as an alternative investment. Platinum and palladium dropped to one-month lows and silver retreated to the lowest since August.
GLOBAL EVENTS TO WATCH:
Monetary Policy Meeting Minutes, German ZEW Economic Sentiment, Employment Cost Index q/q, Treasury Sec Lew Speaks, FOMC Member Dudley Speaks.
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