Monday, 23 September 2013

BASE METAL WRAP: Copper led declines in industrial metals, falling by most in more than a week as lower imports by China suggested demand by the largest consumer may be weaker than estimated.

ENERGY WRAP: West Texas Intermediate crude fluctuated as signs Chinese manufacturing expanded the most since March countered easing concern that conflict in Syria will spread and disrupt oil supplies.

PRECIOUS METAL WRAP: Hedge funds cut bullish gold bets for a second week, reducing long contracts to the lowest since June, before prices rose the most in a month as the Federal Reserve unexpectedly decided not to taper stimulus.

GLOBAL EVENTS TO WATCH: HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, ECB President Draghi Speaks, Flash Manufacturing PMI, FOMC Member Dudley Speaks, SNB Chairman Jordan Speaks.

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