Overnight Financial data Review: Trump's tweet caused crude oil to fall nearly 3%. Lunxi rose nearly 1.1%. Metal ups and downs are mixed.

SMM2, 26 March: the US dollar continued to fall yesterday as the progress of the Sino-US trade negotiations was optimistic and macro-warmer, the willingness of market risk increased, and investors bought riskier assets. Global stock markets, as well as risky currencies such as the Australian dollar and the New Zealand dollar, rose after Mr Trump earlier delayed plans to raise tariffs on Chinese goods to the US, suggesting that significant progress had been made in trade talks between the two countries. On oil prices, US President Donald Trump once again attacked the Organization of the Petroleum Exporting countries (OPEC),) for saying the world was too fragile to afford rising prices and urged the organization to "relax". Crude oil futures plummeted nearly 3 per cent after Mr Trump tweeted that oil prices were too high. The dollar closed at 96.422, down nearly 0.1%. Foreign metal markets rose and fell, Lunxi closed up nearly 1.1%, Lun lead closed up nearly 0.9%, Lun Copper closed up nearly 0.1%, Lun Zinc was slightly green, Len Ni closed down 0.15%, Lun Al closed down 0.6%. On the domestic side, most of the metal markets are green, Shanghai nickel closed down nearly 1%, Shanghai zinc closed down nearly 0.5%, thread closed down 0.3%, Shanghai copper closed down nearly 0.2%, Shanghai lead light green, Shanghai aluminum closed flat, Shanghai tin light red 0.04%.

In terms of major events, the UK and the EU are considering postponing Britain's exit from the EU, possibly for a technical extension of two or three months. However, the EU hinted on February 25 that if the Brexit agreement fails again, Brexit may be postponed until 2021. It is reported that Theresa May will meet again with European Commission President Jean-Claude Juncker in Egypt at 01:15 on February 26 to hold consultations on Brexit.

In terms of data, the month-on-month initial value of wholesale inventory in the United States in December was released in the evening, with a previous value of 0.3% (revised: 0.4%), an expected value of 0.3%, and a current value of 1.1%. Wholesale sales in the United States in December compared with the previous month. Previous value:-0.6% (revised:-1.2%), expected:-0.3%, current value:-1%.

The monthly rate of wholesale inventories in the US in December refreshed the biggest increase since October 2013 as sales continued to fall, meaning wholesalers unexpectedly overstocked goods, which could lead to a slowdown in demand. Market Review on the monthly rate of Wholesale sales in the United States in December: due to the drag of declining sales of motorcycles and hardware, the monthly rate of wholesale sales in the United States recorded a decline in December. According to this trend, it may take 1.33 months for US wholesalers to empty their inventories. The longest since November 2016.

Important overnight financial data are as follows: