Wednesday, 9 April 2014
BASE METAL WRAP:
Copper climbed for the first time in three days before Chinese trade data and after minutes from the Federal Reserve eased concern over the timeline for higher U.S. interest rates.
ENERGY WRAP:
ENERGY WRAP:
West Texas Intermediate crude traded near the highest price in a month as rising fuel demand in the U.S. countered signs of a slowing Chinese economy. Brent slid in London.
PRECIOUS METAL WRAP:
PRECIOUS METAL WRAP:
Gold held near a two-week high after the release of U.S. Federal Reserve minutes that played down forecasts by some of the bank’s own policy makers that interest rates might rise faster than they previously predicted.
GLOBAL EVENTS TO WATCH:
Employment Change, Unemployment Rate, Trade Balance, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Unemployment Claims, Import Prices m/m, G20 Meetings, G7 Meetings, Natural Gas Storage, 30-y Bond Auction, Federal Budget Balance.
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