Thursday, 1 May 2014
BASE METAL WRAP:
Copper reached a two-week low in London after manufacturing expanded
less than projected in China, the world’s biggest consumer of the metal,
casting doubt on the outlook for demand.
ENERGY WRAP:
West Texas Intermediate fell to a four-week low after U.S. crude inventories
extended a record high. Brent declined amid signs that economic growth slowed
in the U.S. and China, the world’s two largest oil consumers.
PRECIOUS METAL
WRAP: Gold and silver prices extended losses from the
previous session on Thursday, following the Federal Reserve’s decision to taper
its monthly bond-buying program by $10 billion for the fourth consecutive
meeting.
GLOBAL EVENTS TO
WATCH: BOC Gov Poloz Speaks, Manufacturing PMI, Manufacturing
PMI, Challenger Job Cuts y/y, Fed Chair Yellen Speaks, Unemployment Claims,
Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Final
Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM
Manufacturing Prices, Natural Gas Storage, Total Vehicle Sales.
