Wednesday 25 June 2014

COMMODITY MARKET UPDATE 26 JUNE 2014


BASE METAL WRAP:  
Copper advanced for a ninth straight session in New York, capping the longest rally since 2005, amid signs of tightening supply.

ENERGY WRAP
West Texas Intermediate traded near a three-day high before data that may show a strengthening U.S. economy and as violence escalated in northern Iraq, OPEC’s second-biggest crude producer. Brent was steady in London.

PRECIOUS METAL WRAP: 
Gold traded below a two-month high as investors weighed the outlook for the U.S. economy that shrank in the first quarter by the most in five years.

GLOBAL EVENTS TO WATCH
Unemployment Claims, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Natural Gas Storage.

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