Thursday 1 August 2013

Stock Market Trend – 02 August 2013

BASE METAL WRAP: Copper capped the biggest two-day rally since early May after the Federal Reserve maintained bond purchases and manufacturing unexpectedly expanded in China, the world’s largest user of the metal.

ENERGY WRAP: West Texas Intermediate crude rose for a second day and is poised for a weekly advance after manufacturing accelerated last month in the U.S., signaling increased demand in the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold fell a sixth day in the longest run of losses since May, heading for the first weekly decline in a month, as U.S. economic data backed the case for less stimulus.

GLOBAL EVENTS TO WATCH: PPI q/q, Construction PMI, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Core PCE Price Index m/m, Personal Income m/m, Personal Spending m/m, Factory Orders m/m, FOMC Member Bullard Speaks.

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