Tuesday, 27 May 2014
BASE METAL WRAP: Copper traded nears an
11-week high after signs of improving demand in the U.S. and China, the biggest
consumers of metals.
ENERGY WRAP: Brent crude rose for
the first time in three days amid speculation that escalating violence in
Ukraine may disrupt supplies to Europe from Russia, the world’s largest energy
exporter. West Texas Intermediate was steady.
PRECIOUS METAL WRAP: Gold fell to the
lowest level in more than 15 weeks as U.S. economic data that beat estimates
backed the case for the Federal Reserve to keep on reducing monetary stimulus,
while demand in China showed signs of waning.
GLOBAL EVENTS TO WATCH: BOE Gov Carney
Speaks, BOJ Gov Kuroda Speaks, ANZ Business Confidence.
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