Monday 1 July 2013

STOCK MARKET TREND – 28 JUNE 2013

BASE METAL WRAP: For the quarter, the industrial metal lost 11.5%, as a combination of concerns over an end to the Fed’s assets purchase program and fears over a deepening slowdown in China weighed.
ENERGY WRAP: West Texas Intermediate crude fell for a second day as manufacturing in China expanded at the slowest pace in four months in China, raising speculation demand may ease in the world’s second-largest oil consumer.
PRECIOUS METAL WRAP: Gold swung between gains and losses after dropping to the lowest in 34 months last week as investors weighed prospects for growth against stimulus, while holdings in the largest bullion-backed exchange-traded product held steady.
GLOBAL EVENTS TO WATCH: Manufacturing PMI, Manufacturing PMI, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices.

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