Thursday 18 July 2013

Stock Market Trend – 18 July 2013

BASE METAL WRAP: Copper swung between gains and losses as Federal Reserve Chairman Ben S. Bernanke allayed concern that stimulus in the U.S. will end soon while more signs emerged that demand may slow in China.

ENERGY WRAP: West Texas Intermediate oil traded near the highest price in a week after U.S. crude inventories dropped to the lowest level since January.

PRECIOUS METAL WRAP: Gold traded little changed after the biggest drop in almost two weeks as investors assessed Federal Reserve Chairman Ben S. Bernanke’s comments on the central bank’s asset purchases. Silver rebounded.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Unemployment Claims, Fed Chairman Bernanke Testifies, Philly Fed Manufacturing Index, CB Leading Index m/m, Natural Gas Storage.

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