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Commodity Research Report: Weekly Report :Metals & Energy

Metals and Energy Weekly Report (February 9-13, 2015)
09 Feb 2015 | 06:04 PM

  • Eurozone manufacturing PMI stood unchanged at 51.0 in January, in the expansion zone, but the rate of growth remained disappointing.
  • China's central bank came just weeks after the country reported its lowest annual growth rate in a quarter century. Notably 0.5 percentage-point cut in the reserve ratio, bringing it to 19.5% for most big banks, will unlock around $94 billion of funds for lending.
  • Copper warehouses monitored by the London Metal Exchange took in the most since 2001; Inventories tallied by the LME jumped 34,425 metric tons, or more than 13.5 per cent, to 284,450 tons, the highest in almost a year.
  • US consumer spending fell 0.3 percent in December, compared to a 0.5 percent increase in November. Cheaper gasoline and fewer auto sales accounted for most of the consumer spending decline.