On Friday, markets will be paying close attention to today’s November employment situation report from the Labor Department, with forecasters mostly expecting nonfarm payroll gains of between 180,000 – 190,000 and a potential dip in the unemployment rate. In Asian markets, stocks were mixed earlier today, with the Shanghai and Singapore indexes losing ground, while SHFE Feb copper settled unchanged. In London, the base metals all posted modest gains ahead of the jobs report this morning, with LME 3-mo. copper and aluminum reportedly trading as high as $7,130/mt and $1,777/mt, respectively, earlier today. As with other recent economic reports, investors will be weighing the health of the economic recovery against potential moves by the Fed to scale back monetary stimulus when today’s jobs report comes out…
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