Base metals down as investors focus on equity markets, decline oil prices

摘要

Equity markets worldwide extended the week's rally Friday last and oil prices rebounded from recent lows, as investors closed out the last full week of trading in 2014 on an upbeat note. Watt Street rose and S&P 500 came within a few points of its closing record high. The release of US Federal Reserve's last policy statement of the year, in which it pledged to be patient in raising rates, injected markets with a jolt of enthusiasm. Japan's recommitment to its massive economic stimulus campaign pushed Asian stocks to their best day in 15 months, and oil's rebound helped bolster the flailing Russian rouble.