Base Metals show mixed trend during the week on global cues

摘要

Global equity markets ended higher on Friday (March 28) but US stocks sharply pared gains after a late selloff in biotechnology shares, while eurozone government bond yields fell on renewed bets the European Central Bank will ease policy next week. The price of Brent crude oil closed above $108 a barrel for its first weekly rise in five, helped by data showing a rise in US consumer spending in February. The US dollar rose 0.7 per cent against the yen, to 102.82 yen, buoyed in part by expectations that the Federal Reserve may start to tighten policy in the early part of next year.