Monday 23 September 2013

COMMODITY MARKET TREND – 23 Sep 2013

BASE METAL WRAP: Copper led declines in industrial metals, falling by most in more than a week as lower imports by China suggested demand by the largest consumer may be weaker than estimated.

ENERGY WRAP: West Texas Intermediate crude fluctuated as signs Chinese manufacturing expanded the most since March countered easing concern that conflict in Syria will spread and disrupt oil supplies.

PRECIOUS METAL WRAP: Hedge funds cut bullish gold bets for a second week, reducing long contracts to the lowest since June, before prices rose the most in a month as the Federal Reserve unexpectedly decided not to taper stimulus.

GLOBAL EVENTS TO WATCH: HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, ECB President Draghi Speaks, Flash Manufacturing PMI, FOMC Member Dudley Speaks, SNB Chairman Jordan Speaks.

stock tips
commodity tips
equity tips

Get free trial

0 comments:

Post a Comment