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BASE METAL WRAP: Copper declined for the first time in three days, paring the biggest quarterly gain since March 2012, as reports showed the U.S. economy improved, boosting the case that the Federal Reserve may reduce its stimulus.
ENERGY WRAP: WTI was poised for a third weekly loss as the five permanent members of the UN Security Council agreed on a resolution to eliminate Syria’s chemical weapons, dimming the threat of widening conflict in the Middle East.
PRECIOUS METAL WRAP: Gold headed for a fifth weekly drop in the worst run since January after an unexpected decline in U.S. jobless claims boosted speculation that the Federal Reserve will taper stimulus. Platinum slumped to the lowest since July.
GLOBAL EVENTS TO WATCH: FOMC Member George Speaks, ECB President Draghi Speaks, Italian 10-y Bond Auction, FOMC Member Evans Speaks, Core PCE Price Index m/m, FOMC Member Rosengren Speaks, Personal Spending m/m, Personal Income m/m, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, FOMC Member Evans Speaks, FOMC Member Dudley Speaks.
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