SHANGHAI, Nov. 14 (SMM) – The market was dominated by capital last week’s end. Base metals are expected to witness big volatility this week. Investors should remain on the sidelines today.
China’s fixed asset investment in the first ten months of the year, investment in the property market, retail sales and value-added at industrials were released Monday morning.
Chinese economy bottomed with sufficient credit. Brisk home sales helped increase relevant downstream consumption. This allowed PPI to expand.
Eight Fed committee members will speak today. Fed vice-chairman said last Friday a rate hike is nearing. The market expects the Fed to increase interest rate in December, driving up the US dollar index to 99.
Chinese commodity market fluctuated wildly last Friday evening as a result of continuous intervention by supervision department, including margin hike, transaction fees and customer information recording. The aftermath is expected to affect the market further.