00:29
Unknown
BASE METAL WRAP: Copper dipped to its lowest level in nearly two weeks on Thursday as persistent concerns about credit tightening in top metals consumer China offset upbeat manufacturing growth there. A surprise setback in business growth in the euro zone also helped dampen investor appetite for copper and other industrial metals.
ENERGY WRAP: Crude oil futures fell a fresh four-month on Thursday, as concerns over the U.S. economic outlook and the impact on future oil demand prospects dampened the appeal of the commodity. U.S. crude prices have been on a downward trend in recent weeks amid concerns the recent U.S. government shutdown created a drag on economic growth and eroded demand in the world’s largest oil consumer.
PRECIOUS METAL WRAP: Gold rose 1 percent on Thursday, breaking above $1,350 an ounce for the first time in more than a month, on rekindled buying prompted by expectations the Federal Reserve will continue its monetary stimulus due to disappointing U.S. jobless claims data.
GLOBAL EVENTS TO WATCH: German Ifo Business Climate, Core Durable Goods Orders m/m, Durable Goods Orders m/m, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, Wholesale Inventories m/m.
Get free trial
0 comments:
Post a Comment