BASE METAL WRAP: Nickel gained as the conflict in Ukraine’s east intensified. The metal is headed as the risk of tougher sanctions against Russia buoys prices that have rallied since Indonesia banned exports of raw ore.
ENERGY WRAP: West Texas Intermediate slipped for a second day amid speculation crude inventories at a record high expanded further in the U.S., the world’s biggest oil consumer.
PRECIOUS METAL WRAP: Gold held near the highest price in three weeks as investors weighed escalating tension in Ukraine against signs of reduced demand from China, the top consumer.
GLOBAL EVENTS TO WATCH: Trade Balance, Cash Rate, RBA Rate Statement, Services PMI, Trade Balance, Trade Balance, Ivey PMI, IBD/TIPP Economic Optimism.
ENERGY WRAP: West Texas Intermediate slipped for a second day amid speculation crude inventories at a record high expanded further in the U.S., the world’s biggest oil consumer.
PRECIOUS METAL WRAP: Gold held near the highest price in three weeks as investors weighed escalating tension in Ukraine against signs of reduced demand from China, the top consumer.
GLOBAL EVENTS TO WATCH: Trade Balance, Cash Rate, RBA Rate Statement, Services PMI, Trade Balance, Trade Balance, Ivey PMI, IBD/TIPP Economic Optimism.
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