BASE METAL WRAP: Copper and the London Metal Exchange Index of six primary metals headed for the biggest quarterly declines since September 2011 amid as signs of slowing in China and uncertainty about the future of stimulus in the U.S.
ENERGY WRAP: West Texas Intermediate fluctuated between gains and losses after the biggest rally in almost two months as signs of economic recovery in the U.S. boosted the demand outlook in the world’s largest oil consumer. Natural gas futures tumbled to the lowest price in 16 weeks in New York after U.S. stockpiles increased more than forecast.
PRECIOUS METAL WRAP: Gold is poised for the biggest annual decline in more than three decades after gaining for 12 years as the Fed cut borrowing costs to a record to bolster the economy. Silver was set for its biggest quarterly loss since 1980.
GLOBAL EVENTS TO WATCH: Italian Prelim CPI m/m, EU Economic Summit, FOMC Member Stein Speaks, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
ENERGY WRAP: West Texas Intermediate fluctuated between gains and losses after the biggest rally in almost two months as signs of economic recovery in the U.S. boosted the demand outlook in the world’s largest oil consumer. Natural gas futures tumbled to the lowest price in 16 weeks in New York after U.S. stockpiles increased more than forecast.
PRECIOUS METAL WRAP: Gold is poised for the biggest annual decline in more than three decades after gaining for 12 years as the Fed cut borrowing costs to a record to bolster the economy. Silver was set for its biggest quarterly loss since 1980.
GLOBAL EVENTS TO WATCH: Italian Prelim CPI m/m, EU Economic Summit, FOMC Member Stein Speaks, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
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