22:26
Unknown
BASE METAL WRAP: Copper steadied on Monday as investors awaited a deluge of U.S. economic data that could signal a delay to when the United States might start tapering its monetary stimulus, but signs of rapid growth in supply of the metal kept a lid on gains. Nickel prices climb on Indonesia export ban hopes. Backlog of US data due from Tuesday with Sept jobs report. US home resales fell 1.9 percent in September.
ENERGY WRAP: West Texas Intermediate oil traded below $100 a barrel for a second day after stockpiles rose to a 15-week high in the U.S., the world’s biggest consumer of crude. Futures slipped as much as 0.4 percent in New York after dropping yesterday to the lowest price since July. Crude inventories increased by 4 million barrels in the week ended Oct. 11 to 374.5 million, data from the Energy Information Administration show.
PRECIOUS METAL WRAP: Gold held losses for a third day before U.S. employment data that may provide clues on the timing of a reduction in stimulus by the Federal Reserve. Palladium rose a fifth day, the longest rally in a month.
GLOBAL EVENTS TO WATCH: Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, TIC Long-Term Purchases, Construction Spending m/m, Richmond Manufacturing Index, Natural Gas Storage.
0 comments:
Post a Comment