BASE METAL WRAP: London copper futures edged higher on Friday, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand.
ENERGY WRAP: West Texas Intermediate headed for the first weekly gain in more than a month as U.S. economic growth beat estimates, bolstering the demand outlook in the world’s largest oil consumer. Brent rose in London.
PRECIOUS METAL WRAP: Gold fell for the first time in four days in London as investors weighed signs of an improving U.S. economy against tension over Ukraine.
GLOBAL EVENTS TO WATCH: ANZ Business Confidence, CPI Flash Estimate y/y, GDP m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
ENERGY WRAP: West Texas Intermediate headed for the first weekly gain in more than a month as U.S. economic growth beat estimates, bolstering the demand outlook in the world’s largest oil consumer. Brent rose in London.
PRECIOUS METAL WRAP: Gold fell for the first time in four days in London as investors weighed signs of an improving U.S. economy against tension over Ukraine.
GLOBAL EVENTS TO WATCH: ANZ Business Confidence, CPI Flash Estimate y/y, GDP m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
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