Wednesday, 26 March 2014
BASE METAL WRAP:
Copper
dropped from a two-week high amid concern that economic growth is
slowing and default risks are rising in the biggest-user China at a time
when global supplies are increasing.
ENERGY WRAP:
ENERGY WRAP:
West
Texas Intermediate traded near the highest price in a week as crude
stockpiles fell at the main U.S. oil storage hub and gasoline demand
reached a three-month high. Brent in London was steady.
PRECIOUS METAL WRAP:
PRECIOUS METAL WRAP:
Gold
fell to near $1,300 an ounce on Wednesday as encouraging U.S.
manufacturing data reduced bullion's appeal to institutional investors
as a hedge against economic uncertainty, sending prices to their lowest
in more than five weeks.
GLOBAL EVENTS TO WATCH:
GLOBAL EVENTS TO WATCH:
Trade
Balance, Retail Sales m/m, Unemployment Claims, FOMC Member Pianalto
Speaks, Final GDP q/q, Final GDP Price Index q/q, Pending Home Sales
m/m, Natural Gas Storage.
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