Markets slacken in short holiday week

摘要

US physical coal markets were mostly flat to lower this week amid worries about the economy and slow trading after the Labor Day holiday. Market participants returned this week from a three-day weekend to lingering doubts about the strength of the US economic recovery. President Barack Obama introduced the American Jobs Act yesterday, a 477bn dollars package of spending initiatives, including payroll tax cuts, to jumpstart the economy. The plan could create more jobs but is likely to encounter political resistance, with Republicans skeptical of some aspects of the proposal.