BASE METAL WRAP:
Copper output in China is set to remain at record levels for the rest of 2013 as high treatment fees encourage smelters in the biggest producer to run at full capacity.
ENERGY WRAP:
West Texas Intermediate crude was little changed after rising the most in a week as U.S. lawmakers voted to increase the nation’s debt ceiling, easing concern of a default in the world’s biggest oil consumer.
PRECIOUS METAL WRAP:
Gold fluctuated after U.S. lawmakers reached an agreement to increase the debt ceiling and avert a government default in the largest economy, putting the focus back on a reduction in stimulus from the Federal Reserve.
GLOBAL EVENTS TO WATCH:
FOMC Member George Speaks, Retail Sales m/m, Unemployment Claims, Philly Fed Manufacturing Index, FOMC Member Evans Speaks, FOMC Member George Speaks.
Copper output in China is set to remain at record levels for the rest of 2013 as high treatment fees encourage smelters in the biggest producer to run at full capacity.
ENERGY WRAP:
West Texas Intermediate crude was little changed after rising the most in a week as U.S. lawmakers voted to increase the nation’s debt ceiling, easing concern of a default in the world’s biggest oil consumer.
PRECIOUS METAL WRAP:
Gold fluctuated after U.S. lawmakers reached an agreement to increase the debt ceiling and avert a government default in the largest economy, putting the focus back on a reduction in stimulus from the Federal Reserve.
GLOBAL EVENTS TO WATCH:
FOMC Member George Speaks, Retail Sales m/m, Unemployment Claims, Philly Fed Manufacturing Index, FOMC Member Evans Speaks, FOMC Member George Speaks.
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