25 OCTOBER 2013

BASE METAL WRAP: Copper dipped to its lowest level in nearly two weeks on Thursday as persistent 

concerns about credit tightening in top metals consumer China offset upbeat manufacturing growth 

there. A surprise setback in business growth in the euro zone also helped dampen investor appetite for

copper and other industrial metals.

ENERGY WRAP: Crude oil futures fell a fresh four-month on Thursday, as concerns over the U.S.

economic outlook and the impact on future oil demand prospects dampened the appeal of the 

commodity. U.S. crude prices have been on a downward trend in recent weeks amid concerns the 

recent U.S. government shutdown created a drag on economic growth and eroded demand in the 

world’s largest oil consumer. 

PRECIOUS METAL WRAP: Gold rose 1 percent on Thursday, breaking above $1,350 an ounce for the 

first time in more than a month, on rekindled buying prompted by expectations the Federal Reserve will 

continue its monetary stimulus due to disappointing U.S. jobless claims data. 

GLOBAL EVENTS TO WATCH: German Ifo Business Climate, Core Durable Goods Orders m/m, Durable Goods Orders m/m, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, Wholesale Inventories m/m.

             

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