Commodities extended their decline, touching the lowest level inalmost eight months, after U.S. employers created fewer jobs thaneconomists estimated and Chinese manufacturing slowed.
The Standard & Poor's GSCI Spot Index fell 2.1 percent to583.53 at 10:27 a.m. in New York, after touching 578.35, the lowestlevel since Oct. 4. The index has dropped 6 percent this week,heading for a fifth straight decline and the biggest sinceSeptember. Oil, natural gas and gasoline led the losses.
U.S. payrolls climbed by 69,000 last month, less than the mostpessimistic forecast in a Bloomberg News survey, Labor Departmentfigures showed today in Washington. China's Purchasing Managers'Index fell to 50.4 in May from 53.3 in April, China's statisticsbureau and logistics federation said today in Beijing. Euro areaand U.K. manufacturing contracted.
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