BASE METAL WRAP: Copper headed for a third quarterly drop, the worst run since 2001, on concern that slower growth in China, the biggest user, will damp metals demand. Aluminum, lead, nickel and zinc fell.
ENERGY WRAP: West Texas Intermediate climbed for a fourth day as U.S. refiners boosted crude processing to the highest rate this year and industrial profits increased in China, the world’s second-largest oil consumer.
PRECIOUS METAL WRAP: Gold and silver rose for the first time in four days, rallying from the lowest since August 2010, as investors weighed the Federal Reserve’s stimulus plans and bullion holdings in the top exchange-traded product held steady.
GLOBAL EVENTS TO WATCH: Trade Balance, ANZ Business Confidence, Current Account, Italian 10-y Bond Auction, Unemployment Claims, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Pending Home Sales m/m, FOMC Member Dudley Speaks, FOMC Member Powell Speaks, Natural Gas Storage.
ENERGY WRAP: West Texas Intermediate climbed for a fourth day as U.S. refiners boosted crude processing to the highest rate this year and industrial profits increased in China, the world’s second-largest oil consumer.
PRECIOUS METAL WRAP: Gold and silver rose for the first time in four days, rallying from the lowest since August 2010, as investors weighed the Federal Reserve’s stimulus plans and bullion holdings in the top exchange-traded product held steady.
GLOBAL EVENTS TO WATCH: Trade Balance, ANZ Business Confidence, Current Account, Italian 10-y Bond Auction, Unemployment Claims, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Pending Home Sales m/m, FOMC Member Dudley Speaks, FOMC Member Powell Speaks, Natural Gas Storage.
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