BASE METAL WRAP: Copper declined after large producers reported higher-than-expected output, raising the possibility of excess supply.
ENERGY WRAP: West Texas Intermediate crude fell for the first time in three days as U.S. stocks declined and Federal Reserve Bank of Kansas City President Esther George said the central bank should taper its asset-buying soon.
PRECIOUS METAL WRAP: Tumbling gold prices are raising the prospect of a return to hedging – a strategy that’s been shunned by investors and producers who spent at least $10 billion at the end of the last decade unwinding forward sales.
GLOBAL EVENTS TO WATCH: Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Building Permits, Housing Starts, BOC Rate Statement, Overnight Rate, Fed Chairman Bernanke Testifies, BOC Monetary Policy Report, Crude Oil Inventories, BOC Press Conference, FOMC Member Raskin Speaks, Beige Book.
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