DAILY COMMODITY MARKET STRATEGY-03 MAR 2014
BASE METAL WRAP: Copper slipped to the lowest price in almost three months as industrial metals declined after reports showed manufacturing slowed in China, the world’s biggest user.
ENERGY WRAP: Natural gas rose for a second day amid speculation that a winter storm moving from the U.S. Midwest to Northeast will boost heating demand and as Russia’s incursion into Ukraine escalated geopolitical tension. Crude oil prices gained in Asian trade as tension between Russia and the West over the Ukraine lifted risk assets broadly.
PRECIOUS METAL WRAP: Gold rose as tension in Ukraine exacerbated by Russia’s seizure of Crimea boosted demand for a haven, with assets in bullion-backed exchange-traded products posting the first monthly increase since December 2012.
GLOBAL EVENTS TO WATCH: HSBC Final Manufacturing PMI, Manufacturing PMI, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, ECB President Draghi Speaks, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Total Vehicle Sales.
GLOBAL EVENTS TO WATCH: HSBC Final Manufacturing PMI, Manufacturing PMI, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, ECB President Draghi Speaks, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Total Vehicle Sales.
Capitalstars Financial Research Private Limited is a research house and an investment advisory group.
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