SMM4 March 28: yesterday, most of the outer plate metals were red, Lun copper rose 1.04%, Lun aluminum fell 0.21%, Lunzn zinc rose 0.05%, Lunnickel rose 1.74%, Lunxi rose 0.13%, and lun lead rose 0.75%. Lun copper prices on Tuesday rose to a record high of more than $10, 000 a tonne hit a decade ago, as fears of strikes disrupting supply in Chile and strong demand reinforced expectations of supply shortages this year. The price of Lunchen copper rose to a record high of more than $10, 000 a tonne hit a decade ago, and strong demand reinforced expectations of supply shortages this year. Domestically, international copper rose 0.16%, shanghai copper rose 0.32%, shanghai aluminum fell 0.24%, shanghai lead rose 0.45%, shanghai zinc rose 0.38%, shanghai nickel rose 1.5%, shanghai tin rose 0.08%.
The dollar index rose slightly as investors bided their time before the FED/ Federal Reserve announced its policy decision on Wednesday. Foreign exchange trading is largely sluggish before the Fed ends its two-day monetary policy meeting on Wednesday, when the Fed is not expected to change policy.
U. S. stocks closed mixed on Tuesday. Investors are waiting for results from a number of large technology companies and decisions from the Fed's monetary policy meeting. Biden is said to be proposing to raise taxes on the rich and allocate funds to strengthen tax inspections. The Dow rose 3.36 points, or 0.01%, to 33984.93; the Nasdaq fell 48.56 points, or 0.34%, to 14090.22; and the S & P 500 fell 0.90 points, or 0.02%, to 4186.72.
On crude oil, the (OPEC), Russia and its allies will stick to plans to gradually relax oil production restrictions between May and July, as global oil demand is expected to recover despite a surge in coronavirus cases in India, Brazil and Japan. Four OPEC sources said OPEC had abandoned plans to hold a plenary ministerial meeting on Wednesday, following the (JMMC) meeting of the OPEC Joint Ministerial Oversight Committee on Tuesday.
In precious metals, COMEX gold futures weakened slightly on Tuesday and remained in a narrow range as investors waited for a policy signal from this week's meeting of the US Federal Reserve (FED/ Federal Reserve). Analysts say gold investors will keep a close eye on whether the Fed will send any signals that they will see longer-term, sustainable inflation.
In terms of data, the National Bureau of Statistics: from January to March, the total profits of industrial enterprises above the national scale reached 1.82538 trillion yuan, an increase of 1.37% over the same period last year, an increase of 50.2% over January-March 2019, with an average increase of 22.6% in two years. From January to March, the total profits of industrial enterprises above the national scale reached 1.82538 trillion yuan, an increase of 1.37 times over the same period last year, an increase of 50.2 percent over January to March 2019, with an average increase of 22.6 percent in two years.
The National Bureau of Statistics: the efficiency of industrial enterprises continued to recover relatively quickly in the first quarter, but it should also be noted that there is still great uncertainty in the trend of the global epidemic and the international environment, and the recovery among industries is still uneven. in particular, the obvious rise in raw material prices continues to increase the cost pressure on enterprises, and the foundation for benefit recovery of industrial enterprises still needs to be further consolidated. In the next stage, we should continue to maintain the continuity and stability of macro policies, strive to fill weaknesses, tap potential, increase advantages, expand effective demand, enhance the quality and efficiency of development, constantly consolidate the foundation for the recovery of the real economy, and promote the sustained, stable and healthy development of the industrial economy.
Us February FHFA house price index monthly rate, the previous value of 1.00%, expected 1.00%, announced 0.9%.
Us April Conference Conference Consumer confidence Index, previous value 109.7, expected 113, released 121.7, revised 109 (previous value).
The Conference Board Consumer confidence Index in the United States recorded 121.7 in April, the highest level since February last year. Senior Director of Economic indicators of the consultation: U.S. consumer confidence has risen to its highest level since the outbreak in March 2020, and consumers' assessment of the current situation and short-term prospects has improved significantly, indicating that economic growth is likely to strengthen further in the coming months. Renewed optimism among consumers has boosted their willingness to buy homes, cars and some high-priced goods. However, rising consumer concerns about short-term inflation may be due to higher oil prices, which could dampen willingness to spend in the coming months.
