Friday 23 August 2013

STOCK MARKET TREND – 23 AUGUST 2013

BASE METAL WRAP: Copper futures in New York rose for the second time in three days after manufacturing unexpectedly expanded in China, the world’s largest consumer of the metal.
ENERGY WRAP: West Texas Intermediate crude was little changed in New York after climbing the most in almost two weeks as signs of an improving U.S. jobs market bolstered the economic outlook in the world’s biggest oil user.
PRECIOUS METAL WRAP: Gold traders are the most bearish in nine weeks after Federal Reserve policy makers backed plans to taper stimulus if the economy strengthens, eclipsing a surge in demand for physical metal that drove prices to a two-month high.
GLOBAL EVENTS TO WATCH: Second Estimate GDP q/q, Core CPI m/m, New Home Sales, Jackson Hole Symposium.
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