Tuesday, 24 June 2014
BASE METAL WRAP:
Nickel fell to a
one-week low in London as rising stockpiles signaled ample supplies.
Inventories monitored by the London Metal Exchange rose 0.3 percent to 305,388
metric tons, within 0.2 percent of an all-time high reached last week.
ENERGY WRAP:
West Texas
Intermediate crude gained for the first time in three days after the Wall
Street Journal said the Obama administration is clearing the way for some
exports of ultra-light U.S. oil.
PRECIOUS METAL WRAP:
Gold declined as
investors weighed the outlook for the U.S. economy against speculation that a
rally to the highest level in two months may spur sales.
GLOBAL EVENTS TO WATCH:
Core Durable Goods Orders
m/m, Final GDP q/q, Durable Goods Orders m/m, Final GDP Price Index q/q, Flash
Services PMI, Crude Oil Inventories.
