Copper declines after a 4-day climbing streak on economic woes

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Source: Reuters

On Wednesday, copper was traded lower, following a 4-day rally, amid uncertainty over Spanish bailout plan and holidays in China, which is a top copper consumer. On the London Metal Exchange, three-month copper fell by 0.85% to trade at $8,255.00 per tonne at 08:15 a.m. London time. Earlier, the metal hit a 4-month high on September 19.

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Wed, 03 Oct 2012 09:21:48 GMT

U.K. services sector expand less than forecast in September

U.K. service sector output advanced at a weaker-than expected rate in September, as economy posted the first net decline in employment in last ten months, Markit Economics said on Wednesday. The seasonalized Services Purchasing Managers Index dropped 1.5 points to 52.2, compared to 53.7 in August. Analysts had forecast a reading of 53.1."With no Bank Holidays until Christmas and the

Wed, 03 Oct 2012 12:06:45 GMT

Spain's services PMI declined more than expected

Markit Financial Information Services reported on Wednesday that Spanish service sector activity witnessed a steeper decline in September than it was expected. Services PMI declined to 40.2 on a seasonally adjusted basis, compared to a preceding month's reading of 44.0. Analysts, however, expected that the index would be equal to 42.5.

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