SMM1 March 29: yesterday, the outer disk metal rose and fell differently. Lunchu rose 0.78%, Lunxun Aluminum fell 0.3%, Lunzn Zinc rose 0.68%, Lunni rose 0.06%, Lunxi rose 1.18%, and Lunxi fell 0.02%. In the domestic market, international copper rose 0.5%, Shanghai copper rose 0.26%, Shanghai aluminum rose 0.68%, Shanghai zinc rose 0.41%, Shanghai lead rose 0.52%, Shanghai nickel rose 0.55%, Shanghai tin rose 0.89%, iron ore fell 2.38%, thread fell 0.88%, and stainless steel rose 0.49%. Domestic non-ferrous metals rose across the board, only black green, of which iron ore fell the biggest, SMM believes that the current policy will add new iron ore deliverable brands, the steel industry will reduce production and other negative, while the recent steel mills due to increased costs and steel prices fall or lead to increased short-term maintenance to suppress bullish confidence. However, taking into account the recent Australian port to continue the decline, and vulnerable to climate factors in February, iron ore supply uncertainty increased.
The dollar index fell slightly as risk sentiment improved, as data showed that initial claims for unemployment benefits in the United States fell last week, and (GDP) data, though poor, were in line with expectations.
The three major indexes of US stocks rose across the board, with the Dow up 300.19 points, or 0.99%, at 30603.36, the Nasdaq up 66.56 points, or 0.50% at 13337.16, and the S & P 500 up 36.61 points, or 0.98%, at 3787.38. On the data side, GDP in the United States grew by 4% in the fourth quarter, slightly lower than market expectations. Initial jobless claims in the US fell to 847000 last week, better than the market had expected. However, South Carolina in the United States confirmed the first case of mutated novel coronavirus infection found in South Africa, and the patient had no recent travel record, which worried medical experts.
In crude oil, oil prices fell on Thursday as the market focused more on delays in vaccination and new travel restrictions that could dampen demand rather than the impact of a weaker dollar and a sharp decline in U.S. crude oil inventories.
In precious metals, higher US bond yields put pressure on gold prices, while a surge in US stocks undermined the attractiveness of safe-haven gold.
In terms of data, the euro zone industrial climate index for January, previous value:-6.8 expected:-7.2 announcement:-5.9
Final value of euro zone consumer confidence index for January, previous value:-15.5 expected:-15.5 announcement:-15.5
Euro zone economic climate index for January, previous value: 92.4 expected: 89.5 announcement: 91.5
Initial monthly CPI rate in Germany in January, previous value: 0.5% expected: 0.4% announcement: 0.8%
Number of Americans claiming unemployment benefits (10,000) in the week from January 23 to January 23, previous value: 91.4 expected: 87.5 announcement: 84.7
Us fourth quarter actual GDP annualized quarterly rate initial value, previous value: 33.4% expected: 4% announcement: 4%
The initial quarterly rate of actual personal consumption expenditure in the United States in the fourth quarter, previous value: 41% expected: 3.1% announcement: 2.5%
Us Core PCE Price Index for the fourth quarter, preliminary annual rate, previous value: 1.4% expected: announcement: 1.4%
Total annualized sales of new homes in the United States in December (10,000 units), previous value: 82.9 expected: 86.5 announcement: 84.2
