Tuesday, 17 June 2014
BASE
METAL WRAP:
Copper climbed for a
fourth session amid speculation that demand will stabilize in China as policy
makers try to support growth in the world’s largest consumer of industrial metals.
Nickel advanced to a two-week high.
ENERGY
WRAP:
West Texas
Intermediate rose for the first time in three days after an industry report
showed U.S. crude stockpiles shrank and as Iraqi forces clashed with militants.
Brent was steady in London.
PRECIOUS
METAL WRAP:
Gold traded below the
highest level in three weeks before the U.S. Federal Reserve concludes a
two-day policy meeting today, while investors weighed tensions in Iraq and
Ukraine.
GLOBAL
EVENTS TO WATCH:
MPC Asset Purchase
Facility Votes, MPC Official Bank Rate Votes, MPC Member Weale Speaks,
Wholesale Sales m/m, Current Account, Crude Oil Inventories, MPC Member Haldane
Speaks, FOMC Economic Projections, FOMC Statement, Federal Funds Rate.
