U.K. jobless rate fell to 8.0% in Q2

Source: BBC

According to the Office for National Statistics (ONS) figures, the unemployment rate in the U.K. fell by 46,000 to 8.0%, or to 2.56 million. The improvement by 0.2% may be explained by the Olympics, which took place in London. Still, the number of people, who are working part-time reached a 20-year peak, and added 16,000 to 1.42 million in the second quarter.

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Wed, 15 Aug 2012 19:34:32 GMT

Gold edged higher on Wednesday

Gold futures edged higher on Wednesday, after early losses, and aimed to break the period of two loss sessions. Bullion for December settlement added 0.3%, to $1605.30 per ounce, before dipping under $1600; September silver jumped 0.3%, to $27.84 per ounce. On the contrary, other precious metals depreciated, with copper, palladium and platinum all for September delivery erasing 0.1%, 0.4% and 0.1%, respectively.

Thu, 16 Aug 2012 13:03:29 GMT

Oil futures tumbled on data

Crude oil futures tumbled on Wednesday, as stockpiles rose unexpectedly. Crude with September contract erased 0.2%, to $93.26 per barrel, after jumping 0.8% on Tuesday. The American Petroleum Institute's report showed that inventories added 2.8 million-barrel, while experts predicted a decline. At the same time, gasoline stockpiles dropped by 2.3 million barrels, pushing gasoline for September delivery higher by 0.8%, to $3.02 per gallon.

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