Sunday, 15 June 2014
BASE METAL WRAP: Shanghai copper rose to
the highest in ten days on Monday, buoyed by prospects of further economic stimulus
in China and technical buying after prices broke through a key chart level.
ENERGY WRAP: crude oil is in
climbed for a fourth day in WTI and Brent crude gained on concern that
escalating violence in Iraq threatens to disrupt supplies from OPEC’s
second-largest producer. Oil rose high as the escalation of violence in Iraq
stoked concern crude supplies will be disrupted.
PRECIOUS METAL WRAP: Gold climbed to the
highest level in almost three weeks, extending a second weekly increase, as
escalating violence in Iraq spurred demand for a haven. Silver reached a
one-month high, while platinum and palladium rose.
GLOBAL EVENTS TO WATCH: Empire State
Manufacturing Index, TIC Long-Term Purchases, Capacity Utilization Rate, Industrial
Production m/m, NAHB Housing Market Index.
