Copper fell after the sale of Italian government debt

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Source: Forexpros

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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Thu, 14 Jun 2012 14:24:49 GMT

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

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.

Thu, 14 Jun 2012 15:59:44 GMT

Eurozone CPI remained unchanged in May

On Thursday, Eurostat reported that consumer price inflation in Eurozone remained unchanged in may, at the level of 2.4%. Core CPI, which does not include tobacco, energy, alcohol, and food did not change either, remaining at 1.6% on a seasonally adjusted basis. The data for both CPI and core CPI is in line with expectations.

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