January 4th


Special Report

  • Commodities across the board crashed worldwide 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 ending 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 market.

Source: Financial Times, Stratfor, 2007

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