BASE METAL WRAP:
Copper climbed
for a fourth day, the longest rally in three weeks, on better-than-expected
manufacturing data from China, the world’s largest user of industrial metals.
ENERGY WRAP:
West Texas
Intermediate swung between gains and losses after U.S. government data showed
crude supplies at the delivery point for New York contracts shrank to the
lowest level since 2008. Brent was steady in London.
PRECIOUS METAL WRAP:
Gold fell to the
lowest level in a week as a rally in equities damped demand for an alternative
investment amid concern that physical consumption is faltering.
GLOBAL EVENTS TO WATCH:
Official Cash Rate, RBNZ Rate Statement, Trade Balance, HSBC
Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash
Manufacturing PMI, Retail Sales m/m, Unemployment Claims, Flash Manufacturing
PMI, New Home Sales, Natural Gas Storage.
Commodity
Tips Provider provides comprehensive market intelligence, forecasts, trading
tips, prices and news for commodity markets, equity / shares and currency
markets. . For 2 Days Free Trial,
please visit our site at www.capitalstars.com or Call at 0731-6790000
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