Commodities Change Little as Eco Data Fail to Clear Market Outlook

Commodities lack direction and change little in European session. Economic data has been mixed and failed to give a clear picture of global economic outlook. Although US new home sales beat market expectations in June, severe downward revisions in May and April suggested demand has been sluggish. Investors await S&P/Case-Shiller Composite-20 which probably rose +3.75% y/y in May, following a +3.81% rise in the prior month.

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Commodities Change Little as Eco Data Fail to Clear Market Outlook