Dear All,
BASE METAL WRAP:
Copper declined for a third day as the partial government shutdown in the U.S. and standoff over the debt limit weakened the outlook for demand in the world’s second-biggest user.
ENERGY WRAP:
West Texas Intermediate crude swung between gains and losses as U.S. lawmakers took steps toward raising the government’s debt limit, reducing the likelihood of a default that slows economic growth and saps fuel demand.
PRECIOUS METAL WRAP:
Gold swung near a one-week high as investors assessed the deadlock between U.S. lawmakers over the debt limit and government shutdown, and the implication for monetary stimulus by the Federal Reserve. Silver advanced.
GLOBAL EVENTS TO WATCH:
Westpac Consumer Sentiment, Manufacturing Production m/m, FOMC Member Evans Speaks,Crude Oil Inventories, 10-y Bond Auction, FOMC Meeting Minutes.
BASE METAL WRAP:
Copper declined for a third day as the partial government shutdown in the U.S. and standoff over the debt limit weakened the outlook for demand in the world’s second-biggest user.
ENERGY WRAP:
West Texas Intermediate crude swung between gains and losses as U.S. lawmakers took steps toward raising the government’s debt limit, reducing the likelihood of a default that slows economic growth and saps fuel demand.
PRECIOUS METAL WRAP:
Gold swung near a one-week high as investors assessed the deadlock between U.S. lawmakers over the debt limit and government shutdown, and the implication for monetary stimulus by the Federal Reserve. Silver advanced.
GLOBAL EVENTS TO WATCH:
Westpac Consumer Sentiment, Manufacturing Production m/m, FOMC Member Evans Speaks,Crude Oil Inventories, 10-y Bond Auction, FOMC Meeting Minutes.
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