Sunday, 20 July 2014
BASE METAL WRAP: London copper held near
its lowest in three weeks on Monday, hemmed in by nagging worries over China's
property sector and a big Chinese stock build that highlighted an expected
market surplus in the second half.
ENERGY WRAP: Brent swung between
gains and losses amid speculation that the downing of a Malaysian Air jet will
have no impact on supplies from Russia, the world’s largest energy exporter.
West Texas Intermediate was steady in New York. Natural gas futures in the U.S.
dropped for a third day to the lowest level in almost eight months as
inventories rebounded at the quickest rate since 2001.
PRECIOUS METAL WRAP: Gold traded little
changed after the first weekly loss in seven as investors weighed the outlook
for higher U.S. borrowing costs against demand for a haven amid unrest in
Ukraine and Gaza. Palladium was near a 13-year high.
GLOBAL EVENTS TO WATCH: German PPI m/m.
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