Wednesday 4 September 2013

STOCK MARKET TREND – 05 SEPTEMBER 2013

BASE METAL WRAP: Copper futures tumbled the most in five weeks on mounting speculation that the Federal Reserve will ease economic stimulus and on concern the U.S. is moving closer to a military strike on Syria.
ENERGY WRAP: West Texas Intermediate crude traded near the lowest price in more than a week as the U.S. weighed a limited military strike on Syria, easing concern the conflict will spread and disrupt Middle East oil supplies.
PRECIOUS METAL WRAP: Gold advanced after the biggest drop in a month as the Senate Foreign Relations Committee voted to authorize President Barack Obama to conduct a limited U.S. military operation against Syria, boosting haven demand.
GLOBAL EVENTS TO WATCH: Trade Balance, Monetary Policy Statement, BOJ Press Conference, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Minimum Bid Rate, ADP Non-Farm Employment Change, ECB Press Conference, Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, ISM Non-Manufacturing PMI, Factory Orders m/m, Natural Gas Storage, Crude Oil Inventories, G20 Meetings.
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