Wednesday, 2 July 2014
BASE METAL WRAP: Nickel
advanced to the highest level in more than a month after an increase in
U.S. employment fueled optimism that an economic recovery will boost
demand.
ENERGY WRAP:
West Texas Intermediate fell for a sixth day, the longest losing streak
since May 2012, while Brent slid amid speculation that crude supplies
will increase after Libyan rebels agreed to hand over two export
terminals.
PRECIOUS METAL WRAP: Gold
declined from a three-month high before employment data that may show
the U.S. economy is gaining momentum. Platinum fell from the highest in
10 months, while palladium halted an eight-day advance.
GLOBAL EVENTS TO WATCH:
Non-Manufacturing PMI, RBA Gov Stevens Speaks, Building Approvals m/m,
Building Approvals m/m, Services PMI, Challenger Job Cuts y/y, Minimum
Bid Rate, Trade Balance, ECB Press Conference, Non-Farm Employment
Change, Trade Balance, Unemployment Claims, Unemployment Rate, Average
Hourly Earnings m/m, Final Services PMI, ISM Non-Manufacturing PMI,
Natural Gas Storage.
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