Monday 2 September 2013

Stock Market Trend - 03 September 2013

BASE METAL WRAP: The biggest rally in copper in three months is reversing as analysts predict that the largest glut in 13 years will overwhelm consumption from an accelerating Chinese economy, which uses two in every five tons.

ENERGY WRAP: Brent crude swung between gains and losses after rising for the first time in three days yesterday as U.S. lawmakers urged backing for military action against Syria, fanning concern that possible strikes may disrupt Middle East oil exports.

PRECIOUS METAL WRAP: Gold traded little changed after dropping for three days to a one-week low as investors assessed prospects for reduced stimulus in the U.S. as the world’s largest economy recovers.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Cash Rate, RBA Rate Statement, Construction PMI, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, IBD/TIPP Economic Optimism, ISM Manufacturing Prices.

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