Thursday, 7 August 2014
BASE METAL WRAP:
Copper headed for a second weekly decline after imports by China, the
biggest user of the metal, fell to the lowest since April 2013.
ENERGY WRAP: Brent and West Texas
Intermediate crude climbed for a second day after U.S. President Barack Obama
authorized air strikes in Iraq, the second-biggest oil producer in the
Organization of Petroleum Exporting Countries.
PRECIOUS METAL WRAP: Gold advanced to the
highest level in three weeks, poised to snap the longest run of weekly losses
since September, as haven demand increased on unrest in the Middle East and
tension over Ukraine.
GLOBAL EVENTS TO WATCH: Consumer Credit m/m,
RBA Monetary Policy Statement, Trade Balance, Monetary Policy Statement, BOJ
Press Conference, Employment Change, Unemployment Rate, Prelim Nonfarm
Productivity q/q, Prelim Unit Labor Costs q/q, Wholesale Inventories m/m.
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