Thursday, 14 July 2011

Summary box: Metals rise industrial (AP)

Precious metals: Industrial metals prices are rising as a rally in global equity markets bolsters the hope that the economic recovery is gaining steam. As the economy grows, so demand for industrial metals such as copper, palladium and Platinum.

Prospect of hope: the U.S. stock market Indexes rose more than 1 percent Thursday on better news on jobs. Payroll processor ADP reported that businesses added 157,000 employees in June, far more than analysts expected.

POWER UP: Expectations of greater demand also drove up energy prices. Crude oil for delivery in August Rose $2,02 to settle at $ 98.67 per barrel.


View the original article here

0 comments:

Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | coupon codes