Wednesday, 11 June 2014
BASE METAL WRAP:
Copper declined for the sixth time in
seven sessions in New York as a Chinese probe into financing transactions
eroded demand prospects for deals using the metal as collateral.
ENERGY WRAP:
West Texas Intermediate extended gains
after government data showed crude inventories dropped for a second week in the
U.S., the world’s biggest oil consumer. Brent advanced in London.
PRECIOUS
METAL WRAP:
Gold held near the highest level in two weeks
as a rally in equities faltered, boosting demand for alternative investments.
Palladium traded below a 13-year high.
GLOBAL
EVENTS TO WATCH:
Official Cash Rate, RBNZ Monetary
Policy Statement, RBNZ Press Conference, RBNZ Rate Statement, Employment
Change, Unemployment Rate, Core Retail Sales m/m, Retail Sales m/m,
Unemployment Claims, Import Prices m/m, Business Inventories m/m, Natural Gas
Storage, BOC Gov Poloz Speaks, 30-y Bond Auction.
