Wednesday 3 July 2013

Stock Market Trend – 04 July 2013

BASE METAL WRAP: Copper slipped from a two-week high amid concern that slowing economic growth in China, the biggest user, will damp demand and ahead of a U.S. jobs report tomorrow.
ENERGY WRAP: West Texas Intermediate crude traded near the highest price in 14 months as U.S. stockpiles shrank the most this year and the ouster of Egypt’s president fanned concern unrest will disrupt Middle East oil supply.
PRECIOUS METAL WRAP: Gold sales from Australia’s Perth Mint, which refines nearly all of the bullion mined in the country, declined for a second month in June as prices extended a bear-market slump, deterring buyers.
GLOBAL EVENTS TO WATCH: BOJ Gov Kuroda Speaks, Building Approvals m/m, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Minimum Bid Rate, ECB Press Conference.
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