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Reuters reported that tin advanced slightly at 0.6% on the LME amid a weak jobs data in the US, which dampened the demand for most metals.
Reuters reported that tin advanced slightly at 0.6% on the LME amid a weak jobs data in the US, which dampened the demand for most metals.
As quoted in the market news:
Friday’s data showed American employers hired at the slowest pace in nine months in March, a sign that Washington’s austerity drive could be stealing momentum from the economy.
Concerns had already been growing about the outlook for the U.S. economic recovery after weaker-than-expected data earlier this week on manufacturing activity and private sector hiring.