Friday 30 August 2013

STOCK MARKET TREND – 30 AUGUST 2013

BASE METAL WRAP: Copper fell on Wednesday as the dollar rose and as nervousness over a potential U.S.-led military strike against Syria made investors more adverse to risk, while concerns over excessive copper supply in China also weighed.
ENERGY WRAP: West Texas Intermediate crude fell for a second day after U.K. lawmakers rejected a motion for military action against Syria, reducing the prospect of an imminent strike and easing concern that unrest will disrupt Middle East supplies.
PRECIOUS METAL WRAP: Gold fell, trimming a fourth weekly gain, after better-than-expected U.S. economic data backed the case for the Federal Reserve to slow stimulus just as tensions over Syria eased, with U.K. lawmakers rejecting military action.
GLOBAL EVENTS TO WATCH: FOMC Member Bullard Speaks, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, FOMC Member Bullard Speaks, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
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