- Commodities across the board crashed
in late trading Jan. 3 and early trading Jan. 4, with oil
dropping from more than $61 a barrel to $57 on the
New York Mercantile Exchange.
- Copper prices continued to tumble as the red
metal’s disastrous start to the new year continued,
intensifying concerns about the outlook for base
metals in 2007.
- U.S. first-time jobless claims for the week
Dec. 30, 2006, increased by 10,000, to 329,000, the
Labor Department reported. The rise was largely due
to a weakening housing market. In general, any
figure below 400,000 indicates a strong labor
Source: Financial Times, Stratfor, 2007
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