Tuesday 20 August 2013

Stock Market Trend – 20 August 2013

BASE METAL WRAP: Copper futures posted the biggest drop in almost three weeks as concern that the Federal Reserve will scale back U.S. monetary stimulus clouded prospects for metal demand.

ENERGY WRAP: West Texas Intermediate oil was little changed after declining yesterday for the first time in seven days. Government data tomorrow is forecast to show U.S. crude stockpiles fell to the lowest level since September.

PRECIOUS METAL WRAP: Gold fluctuated between gains and losses after dropping from a two-month high as investors weighed the prospect of reduced stimulus in the U.S. against increased demand for an alternative investment.

GLOBAL EVENTS TO WATCH: Monetary Policy Meeting Minutes, RBNZ Gov Wheeler Speaks, German PPI m/m, Wholesale Sales m/m.

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