Wednesday, 16 April 2014
BASE METAL WRAP:
Nickel
extended gains after surpassing $18,000 a metric ton for the first time
in more than a year as the threat of sanctions against Russia and
Indonesia’s ore export ban continued to stoke supply concerns.
ENERGY WRAP:
ENERGY WRAP:
West
Texas Intermediate rose for a second day as concern over the escalating
crisis in Ukraine outweighed data showing the biggest gain in U.S.
crude supplies in more than a decade. Brent was steady in London.
PRECIOUS METAL WRAP:
PRECIOUS METAL WRAP:
Gold
was above $1,300 an ounce, set for a weekly drop, as investors weighed
signs of an improving U.S. economy against tension in Ukraine. Assets in
the largest gold-backed exchange-traded product sank the most this year.
GLOBAL EVENTS TO WATCH:
BOJ Gov Kuroda Speaks, Core CPI m/m, Unemployment Claims, Philly Fed Manufacturing Index, Natural Gas Storage.
