Tuesday, 15 April 2014
BASE METAL WRAP:
Industrial
metals fell on Tuesday as investors sold risky assets on worries about
demand in top consumer China and on concern about tensions in Ukraine.
ENERGY WRAP:
ENERGY WRAP:
Brent
crude fell for the first time in three days as Chinese data showing a
reduced pace of economic growth countered concern that the crisis in
Ukraine is escalating. West Texas Intermediate was steady.
PRECIOUS METAL WRAP:
PRECIOUS METAL WRAP:
Gold
retreated for a second day, extending the biggest drop in three weeks,
on prospects for further cuts to the Federal Reserve’s stimulus program
as the U.S economy shows signs of recovery. Silver fell.
GLOBAL EVENTS TO WATCH:
GLOBAL EVENTS TO WATCH:
FOMC
Member Plosser Speaks, Treasury Currency Report, CPI q/q, FOMC Member
Kocherlakota Speaks, GDP q/y, Industrial Production y/y, Fixed Asset
Investment ytd/y, NBS Press Conference, Retail Sales y/y, BOJ Gov Kuroda
Speaks, Claimant Count Change, Unemployment Rate, FOMC Member Stein
Speaks, Building Permits, Housing Starts, Capacity Utilization Rate,
Industrial Production m/m, BOC Monetary Policy Report, BOC Rate
Statement, Overnight Rate, Crude Oil Inventories, BOC Press Conference,
Fed Chair Yellen Speaks, FOMC Member Fisher Speaks, Beige Book.
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