SMM6 March 29: U. S. small non-farm data is stronger than expected, investors are still watching the non-farm payrolls data to be released this week, in order to determine the future direction of interest rates clues. According to the survey, non-farm payrolls are expected to increase by 700000 in June, up from 559000 in May; the unemployment rate fell to 5.7 per cent from 5.8 per cent the previous month; and the labour force participation rate rose 0.1 percentage point to 61.7 per cent. The metal market remains mixed, Lun copper fell, an increase in the number of infections raised fears of an economic recovery, and ample supply undermined the attractiveness of copper.
The dollar rose to its highest level on Monday, its biggest one-day gain in about two weeks, as a backlash could derail the global recovery and reduced risk appetite helped boost the dollar's safe-haven attractiveness.
U. S. stocks rose slightly on Tuesday, with both the Nasdaq and the S & P 500 hitting record intraday and closing highs. Economic data show a strong rise in US house prices and consumer confidence, with house prices rising at their biggest pace in more than 30 years in April. The market is waiting for the June non-farm payrolls report to be released this week. The Dow was up 9.02 points, or 0.03%, at 34292.29; the Nasdaq was up 27.83 points, or 0.19%, at 14528.33; and the S & P 500 was up 1.19, or 0.03%, at 4291.80.
Crude oil rose slightly, and as global demand rebounded from the outbreak, OPEC, led by Saudi Arabia and Russia, is considering whether to continue to restore more crude oil supplies. Russia is considering a proposal to increase production, but Riyadh hinted that it would prefer gradual and orderly progress. OPEC was scheduled to hold a joint ministerial supervisory committee meeting on Wednesday. It will now be changed to Thursday, the same day as the ministerial meeting.
In precious metals, gold futures fell to an eight-week low and may resume the decline as the dollar index surpasses the 92 mark, a new epidemic could curb the global economic recovery, and the US jobs report may also accelerate the Fed's withdrawal from the stimulus package. The rise in US inflation may be temporary, but there is a significant risk of persistence.
In terms of data, the economic climate index of the euro zone in June was 114.5, forecast 116.5, and public value 117.9.
The pre-industrial climate index of the euro zone in June was 11.5, forecast 12.1, and public value 12.7.
Final value of euro zone consumer confidence index in June, previous value-3.3, public value-3.3
German June CPI annual rate initial value (%), previous value 2.5, forecast value 2.4, public value 2.3
Us April FHFA house price index monthly rate (%), previous value 1.4, forecast value 1.6, public value 1.8
The Conference Board Consumer confidence Index in the United States in June, with a previous value of 117.2, a forecast value of 119, and a public value of 127.3.
