COMMODITY MARKET TRENDS 06 MARCH 2014

BASE METAL WRAP: 

COPPER futures have settled slightly lower on the London Metal Exchange (LME), losing ground following the release of weaker-than-expected US manufacturing data. The ISM's nonmanufacturing purchasing managers index fell to 51.6 last month, below an estimate of 53.5 by forecasters.

ENERGY WRAP:

 West Texas Intermediate fell for a third day after U.S. government data showed distillate and crude stockpiles increased in the world’s biggest oil consumer.

PRECIOUS METAL WRAP: 

Gold prices fell in Asia on tensions easing between Russia and the Ukraine and continued profit taking from overnight leading the yellow metal lower on prospects for a weaker dollar.

GLOBAL EVENTS TO WATCH: 

Retail Sales m/m, Trade Balance, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Challenger Job Cuts y/y, Minimum Bid Rate, FOMC Member Dudley Speaks, Building Permits m/m, ECB Press Conference, Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Ivey PMI, Factory Orders m/m, Natural Gas Storage, FOMC Member Plosser Speaks.

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