BASE METAL WRAP:
Aluminium in London climbed for a second day following Alcoa Inc.’s
decision to close a smelter in Italy and before durable goods orders data from
the U.S., the second-largest consumer of industrial metals.
ENERGY WRAP: West Texas
Intermediate traded near the lowest price in seven months before supply data
that will signal the strength of fuel demand in the U.S, the world’s biggest
oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP: Gold held losses near
a two-month low on speculation that the U.S. Federal Reserve will raise
borrowing costs next year, strengthening the dollar and damping demand for an
alternative investment.
GLOBAL EVENTS TO WATCH: Trade
Balance, CB Leading Index m/m, Core Durable Goods Orders m/m, Durable Goods
Orders m/m, HPI m/m, S&P/CS Composite-20 HPI y/y, CB Consumer Confidence,
Richmond Manufacturing Index.
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