BASE METAL WRAP: Copper swung between gains and losses as investors weighed the outlook of the U.S. Federal Reserve’s stimulus policy against recent signs of recovery in economies from the U.S. to China.
ENERGY WRAP: West Texas Intermediate snapped a three-day rising streak after an industry report showed fuel stockpiles increased in the U.S., the world’s biggest oil consumer. Brent fell from the highest close since April.
PRECIOUS METAL WRAP: The third increase in import taxes on gold this year by India, the world’s biggest user, is set to boost smuggling ahead of the festival and wedding seasons as official imports halt on central bank curbs, a trade group said.
GLOBAL EVENTS TO WATCH: Retail Sales q/q, German Prelim GDP q/q, Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Flash GDP q/q, PPI m/m, Core PPI m/m, Crude Oil Inventories, FOMC Member Bullard Speaks.
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