European stocks tumble as Obama fails to agree on new budget

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Source: Bloomberg
© Scanpix/RS
European shares dropped on Thursday sliding for the second straight session after a report showed that the U.S. service sector declined more than economists projected and as the U.S. government stayed closed for a third day. The benchmark Stoxx Europe 600 fell 0.2% to 310.10 as of 3:16 p.m. London time after it recorded the biggest drop since August 30 yesterday.

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Thu, 03 Oct 2013 16:35:13 GMT

Gold and palladium fall as demand in China slows down

Gold traded in London dropped reversing previous increase amid signs that demand for the metal in the world's second largest consumer, China, is slowing, at the same time, palladium extended the longest drop in a month. Bullion for October settlement slipped 0.6% to $1,308.97 an ounce as of 10:41 London time, while palladium fell 0.2% to $716.92 an ounce.

Thu, 03 Oct 2013 16:13:04 GMT

Copper falls as U.S. government stays closed for third day.

Copper decreased on Thursday falling for the third time in four days after the U.S. President Barack Obama and the Congress did not come to an agreement about a new budget and prolonged the government shutdown to its third day. December copper futures slipped 0.9% to $3.2855 a pound as of 10:18 a.m. on the New York's Comex.

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