Wednesday 28 May 2014
BASE METAL WRAP: Copper climbed to
11-week high in London amid speculation that rising global equity markets
indicate a favorable outlook for economic growth. Aluminum touched a one-month
high.
ENERGY WRAP: West Texas
Intermediate rose for the first time in three days after the American Petroleum
Institute reported that crude inventories shrank at the delivery point for New
York contracts. Brent was steady in London.
PRECIOUS METAL WRAP: Gold fell to the lowest
level in 16 weeks as investors assessed whether tension between Russia and
Ukraine is easing and after the euro weakened, reducing the appeal of the
metal.
GLOBAL EVENTS TO WATCH: Private Capital
Expenditure q/q, Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index
q/q, Pending Home Sales m/m, Natural Gas Storage, Crude Oil Inventories.
