Monday 15 July 2013

STOCK MARKET TREND – 15 JULY 2013

BASE METAL WRAP: Copper climbed after China’s economic growth in the second quarter met analysts’ estimates. Aluminum and nickel pared their declines.
ENERGY WRAP: West Texas Intermediate crude fluctuated near a two-day high on speculation that sustained growth in China will bolster fuel demand in the world’s second-largest oil consumer.
PRECIOUS METAL WRAP: Hedge funds raised bets on higher gold prices for a second week as comments from Federal Reserve Chairman Ben S. Bernanke damped expectations for an imminent tapering of stimulus. Futures rose the most since 2011.
GLOBAL EVENTS TO WATCH: GDP q/y, FOMC Member Tarullo Speaks, Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, Business Inventories m/m.
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