Monday 2 September 2013

STOCK MARKET TREND – 02 SEPTEMBER 2013

BASE METAL WRAP: Copper led gains in industrial metals after a gauge of manufacturing in China, the biggest consumer of commodities, rose to a 16-month high.
ENERGY WRAP: West Texas Intermediate crude fell for a third day after President Barack Obama said he’ll seek authorization from Congress before ordering military action against Syria, easing concern that an imminent strike would disrupt Middle East oil exports.
PRECIOUS METAL WRAP: Gold fell as prospects for an attack against Syria receded, and on bets the U.S. Federal Reserve will start to pare stimulus as the economy improves. Silver halted a three-day drop as manufacturing in China sustained an expansion.
GLOBAL EVENTS TO WATCH: Building Approvals m/m, Manufacturing PMI.
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