Thursday, 24 April 2014
BASE METAL WRAP:
London copper futures hit a seven-week high on Friday and were headed
for their best week in about a month on firm demand in top market China,
although growing tensions in Ukraine curbed further gains.
ENERGY WRAP:
West Texas Intermediate headed for a weekly loss and its discount to
London-traded Brent widened after crude stockpiles expanded to the most since
1931 in the U.S., the world’s largest oil user.
PRECIOUS METAL
WRAP:
Gold held above a 10-week low as rising tension in
Ukraine stoked haven demand and buying increased in China, the world’s largest
consumer. Palladium headed for a weekly advance.
GLOBAL EVENTS TO
WATCH:
Retail Sales m/m, Flash Services PMI, Revised UoM
Consumer Sentiment, Revised UoM Inflation Expectations, SNB Chairman Jordan
Speaks.
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