Tuesday 23 July 2013

Stock Market Trend – 23 July 2013

BASE METAL WRAP: Copper traded near the highest level in a month amid speculation the government in China, the world’s biggest consumer, may ready to step in to boost growth.

ENERGY WRAP: West Texas Intermediate crude fluctuated after dropping the most in more than a week as weaker-than-forecast U.S. economic data raised concern that growth will stall in the world’s biggest consumer of oil.

PRECIOUS METAL WRAP: Gold fluctuated between gains and losses after rising the most in a year amid speculation the rally to a one-month high may hurt demand. India, the world’s largest consumer, added to restrictions on bullion imports.

GLOBAL EVENTS TO WATCH: Core Retail Sales m/m, HPI m/m, Richmond Manufacturing Index.

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