Commodities drop amid forthcoming U.S. unemployment data

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Source: Bloomberg
© Scanpix/AFP

Commodities tumbled amid expectations on the upcoming U.S. unemployment data. The Standard & Poor's GSCI reading tracking 24 commodities plunged 0.4%, keeping its falling trend for the third consecutive week. Copper eased 0.5% to $7,789.75 per metric ton on the London Metal Exchange, while the on the spot platinum slid 0.7% to 1,559.50 an ounce.

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Fri, 02 Nov 2012 10:18:26 GMT

U.K. construction PMI grew unexpectedly last month

Markit, a market research group, reported on Friday that British construction sector grew unexpectedly last month, but U.K. firms continued to be cautious about the future. The Markit/CIPS Construction Purchasing Managers' Index climbed to 50.9, the highest since July, compared to a reading of 49.5 in the preceding month. Analysts, however, expected that the index would be equal to 49.1

Fri, 02 Nov 2012 11:57:06 GMT

Canada dollar appreciates on rising risk appetite in the U.S.

The Canadian dollar appreciated against most of its trading counterparts after data showed the U.S. employment increased more than expected. The loonie rebounded from almost quarterly low against the greenback as the U.S. manufacturing gauge surged, hence favouring risk appetite. Canada's currency advanced 0.3% to 99.65 cents per dollar and edged above its 200-day moving average of 99.94 cents.

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