U.S. EIA’s weekly natural gas inventory report due from Washington.
(All times New York)
WHAT TO WATCH *1030am EIA Natural Gas Storage Change
ECONOMY * 2am German Industrial Production * 430am U.K. Trade Balance * 7am Bank of England Rate Decision * 830am U.S. Initial Jobless Claims * 945am Bloomberg Consumer Comfort
TOP STORIES * Fed Officials Divided Over June Liftoff, FOMC Minutes Show * Dzhokhar Tsarnaev Convicted of 2013 Boston Marathon Attack * Bloomberg Dollar Spot Index down 0.1% to 1,192.55 * MSCI All-Country Index up 0.2% to 432.29 * Bloomberg Commodity Spot Index down 2.1% to 99.2247
ENERGY * Shell Will Buy BG for $70 Billion in Push for Gas Dominance * Oil Slumps Most in 2 Months as Supply Gain Adds to Record Glut * Iran Deal to Fan OPEC Discord as Saudis Defend Market Share * WTI crude oil down 6.6% to $50.42/bbl * Gasoline down 6.5% to $1.7392/gal. * Natural gas down 2.3% to $2.619/mmbtu
METALS * Gold Falls as Some Fed Officials Favor Raising Rates in June * Copper Declines as Fed Minutes Show Split Over June Rate Rise * Steelmakers Seek to Change the Rules in Battle Against Imports * Gold down 0.6% to $1,203.10/oz * Platinum down 0.7% to $1,165.50/oz * Copper down 1.1% to $2.7315/lb
AGRICULTURE * Chipotle Carnitas Woes Linger, Showing Lack of Premium Pigs * Cotton Jumps to Six-Month High as Rains Soak U.S. Fields * Soybeans Rebound From 1-Week Low as U.S. Farmers Reduce Sales * Corn down 1% to $3.79 1/4 a bushel * Soybeans up 0.1% to $9.71 1/2 a bushel * Sugar up 1.6% at 12.97c/lb * Coffee down 4.4% to $1.357/lb * Cotton up 0.5% to 66.73c/lb