Tuesday, 17 June 2014

COMMODITY MARKET UPDATE 18 JUNE 2014

BASE METAL WRAP: 
Copper climbed for a fourth session amid speculation that demand will stabilize in China as policy makers try to support growth in the world’s largest consumer of industrial metals. Nickel advanced to a two-week high.

ENERGY WRAP: 
West Texas Intermediate rose for the first time in three days after an industry report showed U.S. crude stockpiles shrank and as Iraqi forces clashed with militants. Brent was steady in London.

PRECIOUS METAL WRAP: 
Gold traded below the highest level in three weeks before the U.S. Federal Reserve concludes a two-day policy meeting today, while investors weighed tensions in Iraq and Ukraine.

GLOBAL EVENTS TO WATCH: 
MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, MPC Member Weale Speaks, Wholesale Sales m/m, Current Account, Crude Oil Inventories, MPC Member Haldane Speaks, FOMC Economic Projections, FOMC Statement, Federal Funds Rate.

No comments :

Post a Comment

Your Comment Will Be Submitted!!!!