BASE METAL WRAP: Copper reached a 44-month low in London amid concern demand is weakening in China, the biggest consumer of the metal. Futures traded in Shanghai touched the lowest price since 2009.
ENERGY WRAP: West Texas Intermediate traded near the lowest price in more than a month before data forecast to show reduced growth in industrial production in China, the world’s second-largest oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP: Gold advanced to the highest level in almost six months as worsening tension between Ukraine and Russia boosted haven demand, with prices heading for the best run of weekly gains since August 2011.
GLOBAL EVENTS TO WATCH: Official Cash Rate, RBNZ Monetary Policy Statement, RBNZ Press Conference, RBNZ Rate Statement, Employment Change, Unemployment Rate, RBNZ Gov Wheeler Speaks, Industrial Production y/y, Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims, Import Prices m/m, Business Inventories m/m, Fed Gov Nomination Hearings, Natural Gas Storage, 30-y Bond Auction, Federal Budget Balance.
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