ECONOMIC EVENTS, AGRICULTURE REPORTS: Forecast Prior Time (N.Y.) U.S. Change in Nonfarm Payrolls AUG 68K 117K 8:30 U.S. Change in Private Payrolls AUG 95K 154K 8:30 U.S. Change in Mfg. Payrolls AUG 0K 24K 8:30 U.S. Unemployment Rate AUG 9.1% 9.1% 8:30 U.S. Unemployment Rate (U6) AUG 16.1% 8:30 Avg Hourly Earnings YoY AUG 2.2% 2.3% 8:30 Avg Hourly Earnings MoM AUG 0.2% 0.4% 8:30 Avg Weekly Hours All Emp. AUG 34.3 34.3 8:30 Chg in Household Survey Emp. AUG -38 8:30 Metal Prices: ($/ton) Last % Chg RSI Copper 9,070 -0.8 49 Aluminum 2,436 -0.8 50 Zinc 2,223 -0.7 46 Lead 2,509 -1.6 54 Nickel 21,649 -0.5 46 Tin 24,152 -0.4 46 Other Markets: Last % Chg % YTD U.S. Dollar Index 74.478 -0.1 -5.8 Crude Oil $88.20 -0.8 -3.5 Gold $1,851.9 +1.4 +30 MSCI World Index 1,194.26 -0.7 -6.7 COMMODITY EXCLUSIVES: Shanghai Plans Fivefold Increase in Metal Bonded Warehousing (1) Shanghai will increase storage for metals at bonded warehouses as much as fivefold, lowering costs for commodity trading and potentially boosting shipments into the world’s largest consumer of copper. GDF Suez Weighing Bid for Stake in Portugal’s EDP, CEO Says (1) GDF Suez SA Chief Executive Officer Gerard Mestrallet said the company is considering a bid for the Portuguese government’s stake in EDP-Energias de Portugal SA. Energoni to Spend $1.1 Billion on Wind, Solar Parks (2) Energoni AD, the Bulgarian Stock Exchange’s biggest company by market capitalization, plans to build wind and solar parks worth 1.5 billion lev ($1.1 billion) in the next 15 years, Chairman Maxim Dimov said. Ghana Starts Second Round of Cocoa-Disease Prevention Program Ghana, the world’s second-biggest cocoa producer, started its campaign to spray chemicals against diseases and pests that hinder output amid hopes for a harvest that may reach a second straight record. Senegal Plans Offshore Oil Drilling as West Africa Output Grows Energy companies operating in Senegal will drill three offshore wells next year as the West African nation vies to join a growing group of regional crude producers, according to the state-owned oil company, Petrosen. INDUSTRIAL METALS: Copper Falls Before Figures That May Show Slower U.S. Hiring Copper fell for a second day in London before a report that may show hiring slowed in the U.S., fueling concern demand is set to slide as economies weaken. Rusal’s Irish Unit Targets 6% Gain in Alumina Output Next Year Rusal Aughinish, the Irish unit of the world’s largest aluminum producer, may increase alumina output by 6 percent next year, parent United Co. Rusal said in an e-mailed statement. MINING: Baosteel Group Pays $1.95 Billion for Stake in Niobium Miner (1) Baosteel Group Corp. and CITIC Group teamed up with three Chinese companies to pay $1.95 billion for a 15 percent stake in the world’s biggest niobium producer as demand for the raw material grows. PRECIOUS METALS: Gold Gains for Second Day as Equities Drop on Growth Concern Gold gained for a second day in London as concern about slowing growth drove equities lower and boosted demand for the metal as an alternative investment. Gold May Advance on Concern About Slowing Growth, Survey Shows Gold may gain as concern that slowing growth will prompt further monetary easing in the U.S. spurs demand for the metal as a protection of wealth, a survey found. AGRICULTURE: Corn Rallies After Biggest Drop in Two Months Spurs Purchases Corn rallied after declining the most in two months yesterday, as forecasts of lower yields in the U.S., the world’s largest grower, prompted purchases amid expectations of further price increases. Cotton South Africa Reduces Crop Forecast by 2% to 88,316 Bales Cotton South Africa, an industry body, cut its forecast for the amount of the fiber its members will produce this season by 2 percent to 88,316 lint bales. Sugar Falls as Global Supply May Exceed Demand; Coffee Slides Sugar fell for a fourth day in London on speculation world supply will top demand as production is set to increase to a record. Coffee slid. Palm Oil Gains as Widening Discount to Soybean Oil Lures Buyers Palm oil advanced after a three-day break in trading, as a widening discount to the price of soybean oil attracted buyers to the cheaper cooking oil. Ukraine’s Corn Exports Surge Capping Price Rally as U.S. Bakes Corn exports from Ukraine will almost double in the 12 months from July 1, easing a shortage of the grain and capping a 67 percent price rally in the past year as heat erodes prospects for the U.S. crop, the world’s biggest. SHIPPING: Supertanker Outlook Is ‘Poor’ for Up to Five Years, Braemar Says Lower prices for supertankers, which haul about a fifth of the world’s oil, signal a “poor” earnings outlook for the fleet for as long as five years, shipbroker Braemar Shipping Services Plc said. Australian Weekly Iron Ore Exports Fall 23%, Tracking Data Show Iron ore exports from Australia declined about 23 percent for the week ended Sept. 1, with 27 bulk carriers leaving Port Hedland and Dampier, according to vessel tracking data compiled by Bloomberg. U.S. Gulf Tropical Depression Wind Speed Unchanged, NHC Says A tropical depression in the Gulf of Mexico that has shut almost 6 percent of the region’s oil production is keeping wind speeds unchanged, according to the National Hurricane Center. ECONOMIES: ‘Hot Money’ Concerns Mount as Yield Premium Jumps: China Credit Chinese government bonds’ yield advantage over U.S. Treasuries increased in August by the most since November 2008, raising concern among officials that inflows of speculative funds will pick up. Global Manufacturing Slump May Cause Central Bank Stimulus (1) Manufacturing slumped in Europe and Asia, adding to signs of slowing global growth that may keep a lid on inflation and encourage some central banks to step up stimulus measures. U.S. Payroll Gains Probably Slowed as Confidence Declined (1) Hiring probably slowed in August as American companies became less optimistic about the strength of the recovery, economists said before a report today. Economists Call on ECB to Cut Interest Rates as Growth Slows (1) The European Central Bank should reverse this year’s rate increases to prevent the euro-area economy from slipping back into recession, members of the so- called shadow ECB council said. SNB May Use ‘Nuclear Weapon’ as Franc Resumes Euro Advance (2) The Swiss central bank may need to ready its “nuclear weapon” of buying euros as the franc heads for the biggest weekly advance on record against Europe’s single currency. OTHER MARKETS: Stocks Decline, Gold Rises Before U.S. Jobs; Swiss Franc Gains Stocks in Europe and Asia declined, U.S. futures fell and gold advanced before a U.S. jobs report that may show companies added fewer workers in August. The Swiss franc headed for its biggest weekly gain against the euro on record, while oil and industrial metals retreated. Asia Stocks Drop, Ending Six-Day Climb; Copper, Nickel Decline Asian stocks declined, paring the biggest weekly gain since March, and U.S. futures fell ahead of an American jobs report that may show unemployment exceeds 9 percent. Copper slid for a second day and grains rose. Franc Surges on Safety Bid Before U.S. Job Report; Yen Advances The Swiss franc rose against all its major counterparts, and headed for the biggest weekly gain versus the euro since the single currency’s introduction, before a report forecast to show U.S. job growth slowed last month. Oil Drops Before U.S. Jobs Data; Gulf Rigs Shut as Storm Builds Oil dropped in New York, trimming a second weekly gain, on speculation that slower jobs growth in the U.S. may curtail fuel consumption in the world’s largest economy. Bond Rout Easing as ‘Stall Speed’ Lures Pimco: Credit Markets The market for corporate bonds from the U.S. to Europe and Asia is strengthening after the worst month in almost three years as speculation grows that the global economy will avoid a recession and inflation slows. SPORTS: Sneijder Wasn’t Tempted by Move to Manchester United: Roundup The following is a roundup of soccer stories from U.K. newspapers, with clickable links to the Web. Super Rugby Will Take Three-Week Break in 2012 for Test Matches The 2012 Super Rugby competition will take a three-week break in June to accommodate international Test matches, tournament organizers said. Tiger Woods Should Visit Duvall’s ‘Utopia’; Unsexy ‘Orgy’: Film Tiger Woods doesn’t need a new swing coach or a new caddie to regain his championship form. He needs Johnny Crawford. To contact the editor responsible for this story: Stuart Wallace in London at swallace6@bloomberg.net

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