Tuesday, 20 May 2014
BASE METAL WRAP:
Copper futures ended
lower, as investors took profits after a rally that has seen prices rebound to
the highest level in two months.
ENERGY WRAP:
West Texas Intermediate
rose for the third time in four days after industry data showed crude
inventories slid in the U.S., the world’s biggest oil consumer. Brent was
steady in London.
PRECIOUS METAL WRAP:
Investors are shunning
gold again, sending holdings in the world’s largest exchange-traded product
backed by bullion to the lowest since December 2008.
GLOBAL EVENTS TO WATCH:
Monetary Policy Statement, BOJ Press
Conference, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes,
Retail Sales m/m, FOMC Member Dudley Speaks, Crude Oil Inventories, Fed Chair
Yellen Speaks, FOMC Member Kocherlakota Speaks, FOMC Meeting Minutes.
