Thursday, 22 May 2014
BASE METAL WRAP: Copper headed for a
third weekly advance, the longest winning streak since February, on improving
factory output in China and the U.S., the world’s largest consumers of the
metal, amid shrinking stockpiles.
ENERGY WRAP: West Texas
Intermediate headed for its third weekly advance as declining U.S. crude
stockpiles signaled rising fuel demand in the world’s biggest oil consumer.
Brent was steady in London.
PRECIOUS METAL WRAP: Gold traded below
$1,300 an ounce, little changed this week, as investors assessed the health of
the U.S. economy and the impact on monetary stimulus. Platinum and palladium
were poised for a second week of gains.
GLOBAL EVENTS TO WATCH: German Ifo Business
Climate, Core CPI m/m, New Home Sales.
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