SINGAPORE, April 4- London copper slipped to its lowest in eight months on Thursday after weak jobs data sparked worries a U.S. labour market recovery may not prove sustained, hurting demand expectations for metals in a thin market with China out for a two-day break.
*U.S. crude for May delivery rose 6 cents to $94.51 per barrel at 0104 GMT, after dropping by 2.8 percent on Wednesday, its steepest daily decline since Nov. 20. *The shutdown of Exxon Mobil's pipeline which moves crude oil from Illinois to the refinery-rich Texas Gulf Coast may curb efforts to relieve the glut of crude oil in the U.S.
SINGAPORE, April 4- Gold dropped for a third straight day on Thursday, holding near a nine-month low hit in the previous session, after a steep decline in equities and disappointing U.S. private-sector job report prompted investors to cash in bullion to cover losses.
LOS ANGELES, April 3- The U.S. The Fed is buying $85 billion in Treasuries and mortgage-backed securities each month to push down long-term interest rates and encourage hiring, and has vowed to continue the program until there is substantial improvement in the labor market outlook.
NEW YORK/ SAN FRANCISCO, April 3- Investors trying to assess when the Federal Reserve will start to trim its economic stimulus via massive asset purchases would do well to track any progress Washington makes in reaching a budget deal.
*Market awaits U.S. payrolls report on Friday. NEW YORK, April 3- U.S. The Institute for Supply Management reported that U.S. service sector growth slowed in March to the lowest level in seven months.
WASHINGTON, April 2- American employers likely hired at a moderate pace in March, suggesting the economy is gathering momentum despite the onset of the across-the-board federal spending cuts. "Labor markets appear to be improving," UBS economist Kevin Cummins said in a research note.
SAN FRANCISCO, April 1- The Federal Reserve's unconventional efforts to ease monetary policy by buying large amounts of long-term securities weakens the dollar in the same way that conventional interest-rate cuts do, a study released Monday showed.