SMM11 March 24: yesterday, London Metal fell across the board, Len Copper fell 0.72%, Len Aluminum fell 0.98%, Lunzn Zinc fell 2.43%, Lunni fell 0.5%, Lunxi fell 0.67%, and Lunxi lead fell 1.38%. In the domestic market, shanghai copper fell 0.46%, shanghai aluminum fell 0.57%, shanghai zinc fell 2.08%, shanghai lead fell 0.62%, shanghai nickel fell 0.06%, shanghai tin fell 0.42%, thread dropped 0.86%, and stainless steel rose 0.19%.
The dollar rebounded slightly as data showed that US corporate activity expanded at its fastest pace in more than five years in November, after the dollar index hit strong technical support.
The three major indexes of US stocks rose collectively, with the Dow up 327.79 points, or 1.12%, at 29591.27; the Nasdaq up 25.66 points, or 0.22%, at 11880.63; and the S & P 500 up 20.05 points, or 0.56%, at 3577.59. On Monday, Oxford University and AstraZeneca pharmaceutical company (AZN) announced that their vaccine candidates had shown 70.4% effectiveness in two large-scale trials. The effectiveness of the vaccine varies depending on the dose, the report said. If a lower dose is used for the first time and a second full-dose vaccination is given, the effectiveness can reach 90%. The vaccine continues to launch good news, boosting market sentiment.
As for crude oil, cloth oil rose more than 2% to $46.12 a barrel, the highest level since Sept. 1. News of novel coronavirus's progress in vaccine development indicates an improvement in the demand outlook.
In terms of precious metals, gold prices fell to a four-month low on Monday as market optimism about vaccines intensified and data showed that PMI in IHS Markit's services sector rose to its highest level since March 2015., IHS Markit's manufacturing PMI reached its highest level since September 2014, indicating that US economic growth is accelerating, leading to weaker demand for safe havens, with spot gold hitting its lowest level since July 21 to $1831.09 an ounce.
In terms of data, the initial value of manufacturing PMI in the euro zone in November, the previous value: 54.8 Forecast: 53.1 published: 53.6
Us Markit manufacturing PMI initial value in November, previous value: 53.1 Forecast: 53 announcement: 56.7
The initial PMI value of the Markit service industry in the United States in November, the previous value: 56.9 Forecast: 55.3 announcement: 57.7
