S&P GSCI BRENT CRUDE INDEX Producers of metals and other raw materials rose after economic data consistent with both a soft landing and easy Federal Reserve policy.
Gross domestic product rose at a 2.8% annual rate in the third quarter, adjusted for seasonality and inflation, the Commerce Department said. The private sector added 233,000 jobs in October, accelerating from 143,000 in September and outstripping economists' forecasts by nearly double, according to the ADP National Employment report released Wednesday.
Trafigura, a Geneva-based commodity trading house, said it will likely lose $1.1 billion due to misconduct in its Mongolia petroleum supply business.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-30-24 1804ET
