BASE METAL WRAP: Nickel climbed for a sixth day to trade near a 27-month high as Vale SA said operations remain halted at a plant in New Caledonia, further crimping supply that’s been hit by Indonesia’s ban on ore exports.
ENERGY WRAP: West Texas Intermediate traded near a three-day high amid speculation that crude stockpiles declined a second week in the U.S., the world’s biggest oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP: Gold held above the lowest level in more than a week as investors weighed the dollar’s strength against escalating tension in Ukraine.
GLOBAL EVENTS TO WATCH: Industrial Production y/y, German ZEW Economic Sentiment, Annual Budget Release, NFIB Small Business Index, Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Business Inventories m/m.
ENERGY WRAP: West Texas Intermediate traded near a three-day high amid speculation that crude stockpiles declined a second week in the U.S., the world’s biggest oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP: Gold held above the lowest level in more than a week as investors weighed the dollar’s strength against escalating tension in Ukraine.
GLOBAL EVENTS TO WATCH: Industrial Production y/y, German ZEW Economic Sentiment, Annual Budget Release, NFIB Small Business Index, Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Business Inventories m/m.
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