Sunday, 3 August 2014
BASE METAL WRAP: London
copper was a tad firmer on Monday after weak U.S. employment data
soothed concerns that the Federal Reserve would soon begin to draw back
liquidity that has cushioned demand for metals.
ENERGY WRAP:
West Texas Intermediate crude traded near the lowest price in six
months before data that will signal the strength of the economy in the
U.S., the world’s biggest oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP:
A slew of worries fueled by U.S. and European data, Argentina's default
on its debts and conflict in Ukraine and in the Middle East sent
investors rushing to safe-harbor gold positions on Friday.
GLOBAL EVENTS TO WATCH: Retail Sales m/m, Construction PMI, Loan Officer Survey.
