SMM7 March 7: yesterday, Lunpan metal market rose collectively, Luntan rose 2.08%, Lun aluminum rose 1.43%, Lunzn zinc rose 0.84%, Lunni rose 3.28%, Lunxi rose 1.18%, and Lunxi lead rose 0.56%. In the domestic market, Shanghai copper rose 0.88%, Shanghai aluminum rose 0.64%, Shanghai zinc rose 0.57%, Shanghai lead level, Shanghai nickel rose 1.56%, Shanghai tin rose 1.07%, thread rose 0.75%, and stainless steel rose 0.49%. Risk appetite has been boosted by higher US stocks, a surge in Chinese stocks, a strong economic recovery and expectations of a new stimulus package, and metals markets have also generally warmed up.

The dollar index fell 0.39% to 96.57, earlier hitting its lowest level since June 24, and narrowed its decline after better-than-expected US non-manufacturing data. Us service sector activity rebounded sharply in June, returning almost to pre-epidemic levels, and risky assets were highly sought after.

The Dow was up 459.67 points, or 1.78%, at 26287.03; the Nasdaq was up 226.02 points, or 2.21%, at 10433.65; and the S & P 500 was up 49.71, or 1.59%, at 3179.72. U. S. stocks closed higher on Monday, led by technology stocks. Nasdaq set an all-time high closing record.

WTI August crude oil futures closed down 2 cents, or 0.05 percent, to settle at $40.63 a barrel, while Brent September crude oil futures closed up 29 cents, or 0.7 percent, to settle at $43.10 a barrel. International crude oil prices have been mixed, with US crude oil futures prices falling slightly and Brent crude oil closing higher; investors are worried that depressed oil demand throughout the summer will drag down the market recovery.

COMEX August gold futures closed up 0.2% at $1793.50 an ounce. Gold prices rose on Monday, with spot gold up more than $10 at one point, supported by a sharp fall in the dollar index, and a surge in the number of new cases around the world.

In terms of data,

Euro area July Sentix investor confidence index pre-value:-24.8 expected:-10.9 announcement:-18.2

Institutional comments on euro zone Sentix investor confidence index in July: the euro zone Sentix investor confidence index rebounded for the third month in a row, but the expected decline suggests that the momentum of the euro zone's recovery from the epidemic may soon disappear. The general manager of Sentix, a research firm, pointed out that the euro zone is in danger of "losing its recovery trend during the summer". In Germany, despite the government's stimulus package, investors expect to make up only about 65% of their losses within a year.

Euro zone May retail sales monthly rate before:-11.70% expected: 15% announcement: 17.8% revision:-12.1% (previous value)

Us June ISM non-manufacturing PMI pre-value: 45.4 expected: 50 announcement: 57.1

Institutional comments on the US ISM non-manufacturing PMI: in June the US service sector rebounded sharply in June, almost returning to the level before the new crown virus pandemic, while the service sector accounted for more than 2/3 of US economic activity. But the resurgence of the epidemic has forced some restaurants and bars to close again, posing a threat to the recovery that is making progress.

Overnight important financial data:

Scan the QR code and join the SMM metal communication group.