Thursday, 10 April 2014
BASE METAL WRAP:
Nickel
climbed for the 10th straight day, heading for the biggest weekly
advance since January, on concern that Indonesia’s ore export ban will
limit global supplies amid stronger demand.
ENERGY WRAP:
ENERGY WRAP:
West
Texas Intermediate headed for a weekly gain amid speculation that U.S.
fuel demand will increase as employment recovers. The discount to Brent
shrank to the least since September after Libya signaled it’s ready to
boost crude exports.
PRECIOUS METAL WRAP:
PRECIOUS METAL WRAP:
Gold
headed for a second weekly rise as minutes from the U.S. Federal
Reserve’s last meeting damped expectations for higher borrowing costs,
while tension in Ukraine persisted.
GLOBAL EVENTS TO WATCH:
CPI y/y, PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, G20 Meetings, IMF Meetings.
