Tuesday 27 August 2013

STOCK MARKET TREND – 28 AUGUST 2013

BASE METAL WRAP: Copper advanced as China eased rules on overseas securities investments and after U.S. consumer confidence added to signs of improving demand in the biggest economy.
ENERGY WRAP: West Texas Intermediate crude surged to the highest price since May 2011 on concern that conflict in Syria may spread to other parts of the Middle East and threaten oil supplies.
PRECIOUS METAL WRAP: Gold traded near the highest level since May after a four-day rally as speculation that the U.S. may lead military strikes against Syria within days spurred investors’ demand for a haven. Silver and platinum advanced. Commodities advanced to the highest level in more than six months as escalating tension in Syria spurred a rally in oil on concern that supplies from the Middle East may be disrupted.
GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, Pending Home Sales m/m, Crude Oil Inventories.
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