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Dollar Rises on Prospect of U.S. Inflation Staying High, BOE Pointing to Rate Cut biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Three-month copper on the London Metal Exchange was down 0.4% to USD 8,579.50 per metric ton by 0147 GMT. The contract hit USD 8,640 per last Friday, its highest since Aug. 4. The dollar index bounced on Monday, as geopolitical tension in the Middle East returned to focus and investor caution against a key employment report later this week. ....
The Institute for Supply Management (ISM) said its manufacturing PMI was unchanged at 46.7 last month. It was the 13th consecutive month that the PMI stayed below 50, which indicates contraction in manufacturing. ....
Private payrolls rose by 324,000 jobs last month, the ADP National Employment report showed, more than an increase of 189,000 that economists polled by Reuters had forecast. ....