Claims for unemployment benefits unexpectedly surged in the U.S.

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Source: Reuters

The amount of U.S. citizens who filed new jobless claims surged unexpectedly last week, government data showed on Thursday. New state unemployment benefit claims added 6,000, and reached 386,000 on a seasonally adjusted basis. The data for previous week was revised up from the initially reported 377,000 to 380,000.

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Thu, 14 Jun 2012 16:21:45 GMT

The Euro gained on Greek elections speculation

The Euro retreated from session lows versus the Japanese Yen and the U.S. Dollar on speculation that Greek parties that support bailout will win the elections this weekend. The Euro recovered from the lowest level for the session versus the Greenback, and was traded at 1.2583. The currency also erased losses versus the Japanese Yen, gaining 0.01% and reaching 99.81 in the European morning trade.

Thu, 14 Jun 2012 16:10:44 GMT

Copper fell after the sale of Italian government debt

Futures for copper decreased on Thursday after Italy witnessed an increase in borrowing costs, which reached the record high since December. Concerns over Spanish borrowing costs and Greek elections on weekend also added pressure. On the NYMEX, July delivery futures for copper were traded at USD3.336 per pound, losing 0.1% during the European morning trading session.

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