Monday, 20 January 2014
BASE METAL WRAP: Copper fluctuated as investors
awaited direction from Chinese manufacturing data and the U.S.
unemployment figures later this week.
ENERGY WRAP: West Texas Intermediate crude fell amid speculation a slowing economy in China will reduce fuel demand in the country, the world’s second-biggest oil consumer. Natural gas dropped for a second day in New York on speculation that milder weather in the U.S. will reduce demand for heating fuel.
PRECIOUS METAL WRAP: Gold fell, snapping three days of gains that lifted prices to the highest level in almost six weeks, as investors assessed the impact of the rally on demand while the dollar strengthened.
GLOBAL EVENTS TO WATCH: CPI q/q, German ZEW Economic Sentiment, Manufacturing Sales m/m, Wholesale Sales m/m.
ENERGY WRAP: West Texas Intermediate crude fell amid speculation a slowing economy in China will reduce fuel demand in the country, the world’s second-biggest oil consumer. Natural gas dropped for a second day in New York on speculation that milder weather in the U.S. will reduce demand for heating fuel.
PRECIOUS METAL WRAP: Gold fell, snapping three days of gains that lifted prices to the highest level in almost six weeks, as investors assessed the impact of the rally on demand while the dollar strengthened.
GLOBAL EVENTS TO WATCH: CPI q/q, German ZEW Economic Sentiment, Manufacturing Sales m/m, Wholesale Sales m/m.
