Thursday, 21 November 2013
Copper futures inched higher on Thursday, as investors looked ahead to key U.S. economic data due later in the session to gauge the strength of the economy and the need for further stimulus.
ENERGY WRAP:
West Texas Intermediate crude traded near the highest price in three weeks after applications for unemployment benefits in the U.S. declined, signaling a sustained economic recovery in the world’s biggest oil consumer.
Gold traded near a four-month low, heading for the worst weekly performance since September, after the U.S. Federal Reserve signaled that it may scale back stimulus in the coming months, hurting demand.
GLOBAL EVENTS TO WATCH:
German Ifo Business Climate, ECB President Draghi Speaks, Core CPI m/m, Core Retail Sales m/m, FOMC Member George Speaks, JOLTS Job Openings, FOMC Member Tarullo Speaks.
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