Monday, 23 June 2014
BASE METAL WRAP:
Copper dropped for the
first time in eight days on signs of slowing demand in China, the biggest
consumer, amid a probe into possible fraud involving metals stockpiled at
Qingdao Port.
ENERGY WRAP:
Natural gas futures
dropped to a four-week low in New York on speculation that a spell of mild
weather will cause bigger-than-average stockpile gains. Brent dropped for a third day and West Texas Intermediate
declined amid speculation that Iraqi oil production wont be disrupted by
escalating violence in OPEC’s second-largest producer.
PRECIOUS METAL WRAP:
Gold prices dipped
Tuesday in Asia on profit taking with a mix of geopolitical uncertainty over
Iraq and continued easy policy offering support triggers.
German Ifo Business
Climate, Inflation Report Hearings, FOMC Member Plosser Speaks, S&P/CS
Composite-20 HPI y/y, HPI m/m, CB Consumer Confidence, New Home Sales, Richmond
Manufacturing Index, Treasury Sec Lew Speaks.
