Thursday 15 August 2013

Stock Market Trend – 16 August 2013

BASE METAL WRAP: Copper was set to gain for a third week after an unexpected drop in U.S. jobless claims and expanded manufacturing data signaled the world’s biggest economy continues to mend.

ENERGY WRAP: West Texas Intermediate crude traded near the highest price in two weeks as an escalating conflict in Egypt fanned concern that oil shipments through the country may be disrupted.

PRECIOUS METAL WRAP: Gold gained to a two-month high, heading for the best week in five, as lower equities and signs of rising physical purchases spurred demand. Silver was set for the best week since October 2011.

GLOBAL EVENTS TO WATCH: Manufacturing Sales m/m, Building Permits, Housing Starts, Prelim Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.

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