Monday, 14 July 2014
BASE METAL WRAP:
Copper futures ended
lower on Monday as steep losses in gold and coming Chinese economic data
unnerved some traders. Rising stocks deter investors from betting copper
higher.
ENERGY WRAP:
West Texas
Intermediate crude traded near the lowest price in two months before inventory
data that may signal the strength of fuel demand in the U.S., the world’s
biggest oil consumer. Brent was steady in London. Twelve weeks of above-average
gains in U.S. natural gas supply are easing concern over winter fuel shortages
and spurring speculators to cut their bets on rising prices.
PRECIOUS METAL WRAP:
Gold held above a one-month
low on speculation the biggest decline this year may spur demand as holdings in
the largest exchange-traded product backed by the metal expanded to the highest
level since April.
Monetary Policy Meeting Minutes, Foreign Direct
Investment ytd/y, New Loans, M2 Money Supply y/y, Monetary Policy Statement,
BOJ Press Conference, CPI y/y, German ZEW Economic Sentiment, BOE Gov Carney
Speaks, Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing
Index, Import Prices m/m, Fed Chair Yellen Testifies, Business Inventories m/m.
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