Articles
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Fundamental Report
Overview
? LME markets closed today & tomorrow for Diamond Jubilee holiday.
? European unemployment rate at 11 percent in April.
? Nymex Crude oil prices declined sharply by 8.5 percent last week.
? US unemployment rate rose to 8.2 percent in May.
? OPEC production rose to an average 31.595 mn bbl a day in May.
Asian equities are trading in the red as Friday’s job report from the US
led to re-emergence of concerns with respect to the US. Investors have
become cautious than ever before on fears that the global economy
was slowing.
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