Thursday, 31 July 2014
BASE METAL WRAP:
London copper eased on Friday after a rout on Wall Street over
Argentinian default soured risk appetite and ahead of a deluge of economic
indicators out later in the session, including an assessment of activity in
China's vast manufacturing sector.
ENERGY WRAP: West Texas
Intermediate fell for a fifth day after capping the biggest monthly decline in
more than two years amid signs of weaker fuel demand in the U.S., the world’s
biggest oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP: Gold headed for a
third weekly loss in the longest run of declines since September as U.S.
employment data may add to signs that the world’s largest economy is gaining
traction.
GLOBAL EVENTS TO WATCH: Manufacturing PMI,
PPI q/q, HSBC Final Manufacturing PMI, BOJ Gov Kuroda Speaks, Manufacturing
PMI, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings
m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m,
Final Manufacturing PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation
Expectations, ISM Manufacturing PMI, Construction Spending m/m, ISM
Manufacturing Prices, Total Vehicle Sales.
