Tuesday, 15 July 2014
BASE METAL WRAP:
Zinc climbed to trade near a 35-month
high amid shrinking stockpiles after economic growth expanded more than
estimated in China, the world’s biggest consumer of base metals.
ENERGY WRAP:
West Texas Intermediate rebounded from
the lowest price since May as China’s economic growth exceeded forecasts and
crude stockpiles shrank in the U.S., signaling increased demand from the
world’s two biggest oil consumers. Brent was steady in London.
PRECIOUS METAL WRAP:
Gold held below $1,300 an ounce as the
outlook for higher borrowing costs in the U.S. strengthened the dollar and
damped demand for an alternative investment. Silver rebounded after two days of
losses.
GLOBAL EVENTS TO WATCH:
CPI q/q, GDP q/y, Industrial Production
y/y, Fixed Asset Investment ytd/y, NBS Press Conference, Retail Sales y/y,
Average Earnings Index 3m/y, Claimant Count Change, Unemployment Rate,
Manufacturing Sales m/m, PPI m/m, Core PPI m/m, TIC Long-Term Purchases,
Capacity Utilization Rate, Industrial Production m/m, BOC Monetary Policy Report,
BOC Rate Statement, Overnight Rate, Fed Chair Yellen Testifies, NAHB Housing
Market Index, Crude Oil Inventories, BOC Press Conference, FOMC Member Fisher
Speaks, Beige Book.
Commodity like gold, silver, copper, crude
trading tips and all market updates. We Provide Stock trading tips. For 2 Days
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