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Key Macroeconomic Indicators for Base Metal Prices (2016-4-1)

iconApr 1, 2016 09:09
Source:SMM
Markets expect US March non-farm payrolls to remain above 200,000 people but soft growth in wage may trigger worries in market.

SHANGHAI, Apr. 1 (SMM) – Markets expect US March non-farm payrolls to remain above 200,000 people but soft growth in wage may trigger worries in market.

China’s manufacturing PMI for March should improve over February. Expectation for peak demand season in March and hot property market boosted investment growth, which also supported commodity prices.

US March ISM manufacturing PMI should increase significantly, which can be proved by upbeat performance of US Richmond Fed, NY Empire State, Philadelphia Fed and Kansas Fed manufacturing PMIs.

Euro zone flash manufacturing PMI for March picked up and hence, the final reading of the figure will likely also improve. But diverging trends in economy of each country in euro zone will curb performance of euro.   


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