Costs, rebates and margins
There are signs of wariness over Ukraine as we draw near to the close of the week’s trading.
The US dollar surged to a six-week high against the Japanese yen today, after non-farm payrolls grew faster than expected, tipping the scales of probability towards another reduction in stimulus at the next FOMC meeting.
US shares have mostly dipped into the red today, as the end of the week ushers in some profit-taking after a strong run.
In spite of the brief upside moves yesterday following better eurozone economic growth, and the upbeat picture painted by Mario Draghi, copper prices have dropped to their lowest since late July.
Heading into the close the FTSE 100 is 50 points lower, as non-farm payrolls euphoria wore off quickly this afternoon in London, and gains made in the wake of the US employment number were quickly given back.
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