SMM1 March 2: on Thursday, the outer disk metal market generally fell, Lun Copper fell 0.84%, Lun Aluminum fell 0.73%, Lun Zinc fell 0.87%, Lunni fell 1.13%, Lunxi rose 0.49%, and Lunxi lead fell 0.13%. In the domestic market, international copper is down 1.27%, Shanghai copper is down 1.25%, Shanghai Aluminum is down 0.19%, Shanghai zinc is down 1.17%, Shanghai lead is down 0.65%, Shanghai nickel is down 1.33%, Shanghai tin is down 0.42%, iron ore is up 1.22%, thread is up 3.1%, and stainless steel is up 0.41%.
The dollar index, New Year's Day rebounded slightly, falling 6.78% for the whole year, the biggest annual decline since 2017. The economic outlook has improved with the introduction of the novel coronavirus vaccine, extremely low interest rates in the United States and an ongoing Fed bond-buying program have undermined the attractiveness of the dollar.
In terms of US stocks, the three major indexes closed higher, with the Dow up 196.90 points, or 0.65%, at 30606.48; the S & P 500 closed up 24.00 points, or 0.64%, at 3756.07; and the NASDAQ closed up 18.30 points, or 0.14%, at 12888.28. For the year, the Dow rose 7.25%, the S & P 500 rose 16.26%, and the Nasdaq rose 43.64%.
In terms of crude oil, Brent crude rose slightly on Thursday, falling 21.5% for the whole year, the biggest annual decline since 2015. According to data released by the American Petroleum Institute (API), API crude oil stocks fell by 4.785 million barrels in the week ended December 25, with an expected decrease of 2.1 million barrels, compared with an increase of 2.7 million barrels. The good news of superimposed vaccines boosted oil prices, and it needs to be noted that the OPEC+ alliance of the Organization of Petroleum Exporting countries ((OPEC)) and its allies will hold a meeting to discuss plans to increase production from February.
In precious metals, spot gold edged higher Thursday to close at $1898.43 an ounce, up 25.11% for the year, the biggest annual increase in a decade. Gold prices hit a record high in August as investors worried that unprecedented stimulus measures by the Federal Reserve and the government would lead to currency devaluation and inflation. Gold ETF's position hit an all-time high in October. Although the market optimism caused by the launch of the vaccine sent gold down, the continued weakness of the dollar provided support for gold at the end of the year.
In terms of data, China's official manufacturing PMI, in December: 52.1 announcement: 52 expected: 51.9
Number of initial jobless claims in the United States (10,000) in the week from December 26 to December 26, previous value: 80.6 announcement: 83.3 expected: 78.7
