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BASE METAL WRAP: Copper rose for a second day, trimming a weekly decline, as China’s trade data beat estimates, underpinning sustained appetite from the world’s biggest consumer of industrial metals.
ENERGY WRAP: West Texas Intermediate crude rose for the second time in three days, trimming a weekly loss before government data that may signal a sustained pace of recovery in the U.S., the world’s largest oil consumer.
PRECIOUS METAL WRAP: Gold advanced to trim a second weekly decline as investors weigh the outlook for stimulus in the U.S. after economic growth accelerated last quarter while data today may show employers added fewer workers last month.
GLOBAL EVENTS TO WATCH: FOMC Member Dudley Speaks, FOMC Member Stein Speaks, ECB President Draghi Speaks, Consumer Credit m/m, RBA Monetary Policy Statement, Trade Balance, Employment Change, Unemployment Rate, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, President Obama Speaks.
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