Dear All,
BASE METAL WRAP:
Copper capped the biggest two-day rally since early May after the
Federal Reserve maintained bond purchases and manufacturing unexpectedly
expanded in China, the world’s largest user of the metal.
ENERGY WRAP:
West Texas Intermediate crude rose for a second day and is poised for a
weekly advance after manufacturing accelerated last month in the U.S.,
signaling increased demand in the world’s biggest oil consumer.
PRECIOUS METAL WRAP:
Gold fell a sixth day in the longest run of losses since May, heading
for the first weekly decline in a month, as U.S. economic data backed
the case for less stimulus.
GLOBAL EVENTS TO WATCH:
PPI q/q, Construction PMI, Non-Farm Employment Change, Unemployment Rate,
Average Hourly Earnings m/m, Core PCE Price Index m/m, Personal Income m/m,
Personal Spending m/m, Factory Orders m/m, FOMC Member Bullard Speaks.
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