US: Fiscal cliff looms and ETF plans causing a stir

摘要

Meanwhile in the US, the economy continues to look healthier, with construction data showing spending reaching a three-year high in September, and labour data released a month ago that showed 171,000 jobs added in the same month. 2013 is also expected to be a good year for construction, and while we note that most of the construction growth is set to be residential rather than commercial, meaning that copper consumption will be less directly affected, it remains a positive indicator for the country's economy as a whole.