Wednesday 21 August 2013

Stock Market trend – 22 August 2013

BASE METAL WRAP: Copper led gains in industrial metals after a manufacturing index in China increased in August from an 11-month low, adding to signs the world’s second-biggest economy is stabilizing.

ENERGY WRAP: West Texas Intermediate crude traded near the lowest level in almost two weeks as signs that the U.S. will taper economic stimulus this year raised speculation oil demand may falter in the world’s biggest consumer.

PRECIOUS METAL WRAP: Gold pared losses as investors weighed the minutes of the U.S. Federal Reserve’s last meeting, which reinforced expectations that stimulus will be tapered, against an unexpected increase in China’s manufacturing.

GLOBAL EVENTS TO WATCH: HSBC Flash Manufacturing  PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, Core Retail Sales m/m, Unemployment Claims, Flash Manufacturing PMI, HPI m/m, CB Leading Index m/m, Natural Gas Storage, Jackson Hole Symposium.

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