#PreMarket Primer: Friday, December, 13th: Budget Wars Nearing An EnD

The US government's bipartisan budget deal easily passed a vote in the US House of Representatives on Thursday, upping the possibility that the US Federal Reserve will begin tapering its $85 billion per month stimulus package. The budget deal will be sent to the Senate, where it is expected to pass another vote next week. With a new budget deal in place, the Federal reserve will be relieved of fiscal concerns which have been keeping the bank from tapering. The agreement would keep the US free from budget wars for the next two years.

Energy futures were quiet, Brent futures gained 0.03 percent and WTI futures lost 0.07 percent. Gold lost 0.08 percent and silver was down 0.63 percent. Industrial metals were mostly lower with copper down 0.20 percent and aluminum down 1.43 percent.