LME Inventory Update

FXStreet (Mumbai) - The daily inventory data released by the London Metal Exchange (LME) today showed a rise in the inventory levels of Nickel, Lead and Zinc. Meanwhile, the inventory levels of Aluminium and Copper declined.

Aluminium inventory decreased by 1200 tonnes today, while Nickel inventory increased by another 2076 tonnes. Copper inventory declined by 550 tonnes, while Lead inventory rose by 250 tonnes, and Zinc inventory increased by 1925 tonnes.

UK Service sector activity expands in November

The UK Service sector Purchasing Manager’s Index rose to 58.6 in November, beating the market expectation of 56.5 and higher from the October’s print of 56.2.
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UK services PMI points to decent 4Q GDP growth – ING

The ING Research Team notes that the UK service sector purchasing managers’ index rose to 58.6, offering more support to 4Q GDP growth.
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