Outlook for today's financial data: focus on the basic metals of the day's financial data or continue to soften the trend

SMM7 10: today focuses on the United States crude oil inventory data, the United States June PPI and May inventory wholesale data. Overnight dollar rose, in the 94 level near the concussion, in the short term, the dollar may continue to concussion on the strong trend. The basic metals are under pressure from the rebound of the US dollar, and the basic metals may continue to be weak and weak in the short term.

Us API crude stocks fell 6.796 million barrels in the week ended July 6 and are expected to fall by 4.2 million barrels. Gasoline stocks fell by 1.59 million barrels and are expected to fall by 900000 barrels. Refined oil refining stocks increased by 1.952 million barrels and are expected to increase by 1.32 million barrels. After the release of the data, oil prices rose rapidly in the short term. The data showed that US crude oil inventories fell more than expected last week, gasoline inventories fell more than expected, and refined oil depots rose slightly more than expected.

Zero hedge, a well-known financial blog, said API data showed that after crude oil inventories fell 6.7 million barrels more than expected, WTI oil prices expanded and returned to above the $74 mark. However, the higher-than-expected increase of 1.95 million barrels in refined oil stocks offset some of the positive factors.

Us PPI data for June will be released in the evening. The data show that:

Us PPI was expected to grow at an annualised rate of 3.1 per cent in June, the same as before. Core PPI in the United States was expected to grow at an annual rate of 2.6 per cent in June, compared with 2.4 per cent previously.

The PPI data for June in the United States are mainly used to measure the price changes of various commodities at different stages of production. this data, like the (CPI) of the Consumer Price Index, is usually used as an important indicator to observe the level of inflation. Market expectations are still optimistic and are expected to provide some support to the dollar before the data are released, while the bad data can also provide some reference for Thursday's CPI data expectations in the United States.

The final monthly rate of wholesale inventory in the United States in May will also be released at a later date, which is expected to be 0.4 per cent, compared with a previous value of 0.5 per cent

In addition, attention should also be paid to EIA crude oil inventory data, which will have an impact on oil prices.

Today's important financial data are shown in the following table: