Copper grows on Italian bond sale

Note: This section contains information in English only.
Source: Forexpros

On Wednesday, futures for copper were surging in the European morning trading session, as Italy witnessed an increase of the borrowing costs. On the NYMEX, July delivery futures for copper were traded at USD3.364 per pound, which was a gain of 0.85% since the beginning of the European morning trading session.

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Wed, 13 Jun 2012 15:38:47 GMT

Applications for home mortgages in the U.S. grew last week

On Wednesday, the Mortgage Bankers Association reported that its mortgage application activity index added 18% on a seasonally adjusted basis during the last week. The MBA's refinancing applications index surged by a seasonally adjusted 19.2%, while the index that measures requests of loans for home purchases grew by 12.8%. The refinancing activity climbed to 79% as a share of total mortgage applications from 78% the week

Wed, 13 Jun 2012 17:39:42 GMT

South Korea's unemployment drops to 3.2%

South Korea's jobless rate reached its bottom in four months due to the continued recruitment boost in the service segment. According to Statistics Korea, the country's unemployment in May fell to 3.2% in contrast to the previous month's 3.4%. However, Ronald Man, HSBC Holding PLC's analyst, stated that as Korean manufactures are becoming more restrained, this could negatively impact the production output, and, consequently, weaken

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