Industrial metals gain from China's stimulus

Source: Bloomberg
As China announced its 500 billion yuan stimulus for its five biggest banks, metals increased for the second day in a row. Nickel picked up by 1.5%, its highest in almost two week, and sold at $18,377 per ton. Copper edged up 1%, and copper for December delivery added 0.4% to $6,930.50 per metric ton early morning in Tokyo, however, prices have still decreased 5.9% this year. The LMEX index gained 1.2%, the highest in a month's time.
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Wed, 17 Sep 2014 10:32:04 GMT

U.K's unemployment rate lowest since 2008

The newest data released by the International Labour Organization revealed that the unemployment rate in the U.K. has fallen to 6.2%, dropping from 6.4%, surpassing the economists' forecasts of 6.3%. While this points towards the strengthening of the British economy, the wages are trailing behind, with just 0.7% pay raise. BoE's governor Mark Carney predicted that the wages are set to improve with the continued growth of the economy.

Wed, 17 Sep 2014 08:49:13 GMT

Pound adds against Euro before BoE releases meeting minutes

The Pound increased as the Bank of England is set to release its Monetary Policy Meeting minutes on Wednesday. The August minutes revealed that two members of the committee voted in favour of increasing borrowing costs, the first split in option under Carney's governance. The Pound inched up 0.1% to 79.53 pence per euro early morning in London, adding to

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