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BASE METAL WRAP: Copper rose, heading for the first advance in three weeks, as Chinese economic data may show a recovery in the world’s biggest metals user. Trading is slow this morning as investors are waiting for cues from the economic data, which should support sentiment.
ENERGY WRAP: Crude oil futures were lower on Thursday after the U.S. Congress passed a bill to reopen the government and avoid a U.S debt default as concerns over the economic impact of the shutdown weighed.
PRECIOUS METAL WRAP: Gold prices surged 3 percent on Thursday, boosted by a dollar slide and expectations that a temporary deal to avoid a U.S. debt default might prompt the Federal Reserve not to reduce its monetary stimulus.
GLOBAL EVENTS TO WATCH: RBA Gov Stevens Speaks, GDP q/y, BOJ Gov
Kuroda Speaks, Core CPI m/m, FOMC Member Tarullo Speaks, FOMC Member Evans
Speaks.
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