BASE METAL WRAP:
London copper fell on Tuesday to near six-week lows as improving supply
and renewed tension between Ukraine and Russia combined with a summer lull to
curb investors' appetite for risky assets.
ENERGY WRAP: West Texas
Intermediate fell amid speculation that U.S. oil demand is slowing after a
government report showed weekly crude inventories expanded for the time since
June. Brent dropped in London.
PRECIOUS METAL WRAP: Gold traded little
changed below a three-week high as investors gauged the health of the U.S.
economy and tensions persisted in Ukraine and the Middle East. Gold demand in China shrank in the second quarter as
consumers in the biggest user bought fewer bars, coins and jewelry amid a
clampdown on corruption and as the buying spurred by last year’s price slump
wasn’t sustained.
GLOBAL EVENTS TO WATCH: Retail
Sales q/q, French Prelim GDP q/q, German Prelim GDP q/q, Unemployment Claims,
Import Prices m/m, Natural Gas Storage, 30-y Bond Auction.
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