Thursday 4 July 2013

Stock Market Trend – 05 July 2013

BASE METAL WRAP: Copper fell in London on lingering concern demand will weaken as the economy slows in China, the world’s biggest consumer of the metal.

ENERGY WRAP: West Texas Intermediate traded near the highest price in 14 months and was poised for a second weekly gain on speculation demand will increase in the U.S., the world’s largest oil consumer.

PRECIOUS METAL WRAP: Gold fell for a second day to trim the first weekly advance in three before U.S. jobs data that may add to signs the economy is improving, fueling speculation the Federal Reserve will scale back monetary stimulus.

GLOBAL EVENTS TO WATCH: CPI m/m, Employment Change, Unemployment Rate, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Ivey PMI.

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