ECONOMIC EVENTS, AGRICULTURE REPORTS: Forecast Prior Time (N.Y.) U.S. Advance Retail Sales JUL 0.5% 0.1% 8:30 U.S. Retail Sales Less Autos JUL 0.3% 0.2% 8:30 U. of Michigan Confidence AUG P 62.0 63.7 9:55 U.S. Business Inventories JUN 0.5% 1.0% 10:00 USDA Cattle Slaughter AUG 12 126000 14:00 USDA Hog Slaughter AUG 12 409000 14:00 Metal Prices: ($/ton) Last % Chg RSI Copper 8,871 -0.1 36 Aluminum 2,410 -0.1 35 Zinc 2,188 +0.1 38 Lead 2,390 +0.2 40 Nickel 21,550 -0.2 35 Tin 24,160 +2.4 37 Other Markets: Last % Chg % YTD U.S. Dollar Index 74.578 +0.0 -5.6 Crude Oil $85.45 -0.3 -6.5 Gold $1,752.4 -0.7 +23 MSCI World Index 1,172.57 +0.5 -8.4 COMMODITY EXCLUSIVES: BlackRock Sees Buying Chances in Energy, Picks Schlumberger (1) BlackRock Inc., the world’s biggest money manager, says the global market rout may be a chance to pick up energy stocks as a shortfall in global crude production underpins oil prices. Norilsk May Cancel Treasury Shares After Buy Back, Chairman Said OAO GMK Norilsk Nickel, the world’s largest producer of the metal, may cancel treasury shares after a plan for a buyback announced this week, the chairman said. Yields Above Brazil Signal Oil Threat to Budget: Russia Credit Russia faces higher borrowing costs than Brazil for the first time in more than eight months as concern grows that falling oil prices and increased spending will push Prime Minister Vladimir Putin’s budget into deficit. Greentech Studies Purchase of Scan Energy to Expand Out of Italy Greentech Energy Systems A/S, a Danish renewable-power developer, is studying an acquisition of domestic competitor Scan Energy A/S as it seeks to add assets outside Italy, where it gets most of its sales. INDUSTRIAL METALS: Copper May Fall as Slowing World Growth Threatens to Sap Demand Copper, on course for a second weekly drop in London, may fall as an unexpected stall by France’s economy and higher Chinese inventories of the metal add to concern demand may slow as world growth weakens. ThyssenKrupp Earnings Miss Estimates as Steel Demand Slides (2) ThyssenKrupp AG, Germany’s biggest steelmaker, posted fiscal third-quarter earnings that missed analyst estimates as European demand weakened. Tata Bonds Beat Steel Companies on Rating Upgrade: India Credit Tata Steel Ltd. bonds are rallying the most since May 2010, beating competitors’ debt on speculation a rating upgrade will help India’s most-indebted company reduce funding costs. Shanghai Copper Stockpiles Rise Fifth Week; Aluminum Drops (1) Copper stockpiles monitored by the Shanghai Futures Exchange rose for a fifth week, while aluminum inventories declined to a 28-month low. MINING: S. Korea Boosts Rare-Earth Stockpile Target as Prices Gain (1) South Korea, which meets all its rare-earth demand through imports, has expanded and accelerated a plan to stockpile the raw materials and may develop local and overseas deposits, intensifying a global race for supplies. GMR Energy to Acquire 30% Stake in Indonesia’s PT Golden Energy GMR Energy Ltd., a unit of India’s GMR Infrastructure Ltd., agreed to buy a 30 percent stake in Indonesia’s PT Golden Energy Mines for as much as $550 million in cash to help secure supplies of coal. PRECIOUS METALS: Gold Falls in London as Rally to Record Spurs Investor Sales Gold declined in London as some investors sold the metal after debt and slowdown speculation boosted prices to a record. India’s Diamond Exports May Gain as Prices Fail to Damp Demand Gem and jewelry exports from India, the world’s biggest shipper, may increase as much as 20 percent this year, as a surge in prices and fears of a slowdown in the U.S. fail to deter buyers, an exporters’ group said. AGRICULTURE: Wheat Falls, Paring Weekly Gain, as U.S. Raises Supply Outlook Wheat fell in Chicago, paring a third weekly climb, after the U.S. government raised its outlook for global supplies on higher-than-expected production in Europe and Russia. Coffee Rises as European Stockpiles Decline Again; Sugar Falls Coffee rose in London, on course for the biggest weekly climb since June 2010, as European stockpiles tracked by the NYSE Liffe exchange fell for a second time. Sugar slid. German, Polish Wheat Quality at Risk as Rains Hobble Harvest Wheat crops in Germany and Poland, which account for about a quarter of European Union production, risk a slide in quality as rain delays the harvest and causes sprouting damage to grain still in the field. Japan Food Self-Sufficiency Rate May Drop to Record Low (1) Japan’s food self-sufficiency rate may fall below a record low reached in 1994 as domestic output drops following abnormal crop weather and concerns over radiation contamination, a senior industry executive said. Rubber Posts Second Weekly Drop in Tokyo as Stocks, Oil Slump Rubber posted a second weekly loss in Tokyo as stocks and oil declined, dampening the demand outlook for commodities, and investors cashed in the previous two days’ gains before a holiday in Japan. Japan Seeks to Buy 82,000 Tons of Food Wheat in Tender Aug. 26 Japan is seeking to buy 82,000 metric tons of food wheat in a tender on Aug. 26, the Ministry of Agriculture, Forestry and Fisheries said today. SHIPPING: Supertanker Prices Are Set to Fall as Much as 20%, Arctic Says Prices of secondhand supertankers probably are set to drop as much as 20 percent, Arctic Securities ASA said. ECONOMIES: India Industrial Output Growth Unexpectedly Quickens to 8.8% (1) India’s industrial production grew at the quickest pace in three months in June, weathering the fastest interest-rate increases among Asia’s major economies. China Said to Tell Banks to Tighten Curbs on Property Loans (1) Chinese regulators have told banks to tighten lending for real estate on concern credit risks will increase as the impact of government curbs deepens in the next three to five months, a person familiar with the matter said. Surging Yuan May Signal China Demand to Aid Global Recovery (1) The yuan’s strongest gain in more than three years may herald a new stimulus for a flagging global recovery as Chinese importers get more firepower to buy up goods from slowing economies in the U.S. and Europe. Oil Reliance on China Rises as Growth Falters: Energy Markets Oil investors betting on a rebound in prices are counting more than ever on demand from China, just as economic growth in the world’s second-biggest consumer of crude shows signs of slowing. Italy May Pass Deficit-Cutting Measures to Quell Debt Crisis (1) Silvio Berlusconi’s government is preparing to pass measures to balance Italy’s budget in 2013 as part of an effort to convince investors it can tame the region’s second-biggest debt. OTHER MARKETS: European Stocks, U.S. Futures Fluctuate as Swiss Franc Weakens European stocks climbed, extending the Stoxx Europe 600 Index’s rally from a two-year low, while U.S. stock-index futures erased declines. The Swiss franc weakened for a second day. Euro Heads for Second Weekly Drop Versus Dollar; Franc Declines The euro was set for a second straight weekly decline against the dollar as a report showed industrial production in the region fell in June. Asian Currencies Gain on Economic Data; Yuan Surges on Surplus The Singapore dollar and the Chinese yuan gained among Asian currencies this week on signs the region’s economic recovery is intact even as global financial markets turn volatile. Oil Set for Third Weekly Drop on Signs Economy Curbing Demand Oil fell in New York, heading for a third weekly decline, on signs that the global recovery is slowing down and demand for fuels will be reduced. SPORTS: Mealamu to Lead All Blacks Squad as McCaw, Carter Get Rest (1) New Zealand rugby selectors rested nine senior players including captain Richie McCaw and playmaker Dan Carter for next week’s Tri-Nations match in South Africa. Sneijder’s Wage Demands Scupper Move to United: Soccer Roundup The following is a roundup of soccer stories from U.K. newspapers, with clickable links to the Web. PGA’s 15th Hole Proves More Difficult a Decade After Toms’s Ace Tiger Woods had a much different experience on the Atlanta Athletic Club’s par-3 15th hole during the first round of the U.S. PGA Championship than David Toms did a decade ago. Woods wasn’t alone. To contact the editor responsible for this story: Stuart Wallace in London at swallace6@bloomberg.net

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