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[overnight market] the epidemic rebounded grimly, US stocks fell and copper rose 0.86 per cent.
Jul 8,2020 06:47CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 8: most of the Lunpan metal market rose yesterday, Lun Copper rose 0.86%, Lun Aluminium Ping, Lun Zinc rose 0.73%, Lunni closed flat, Lunxi fell 0.7%, and Lunxi lead rose 0.89%. In the domestic market, Shanghai Copper rose 0.89%, Shanghai Aluminum fell 0.85%, Shanghai Zinc rose 0.03%, Shanghai lead rose 0.75%, Shanghai Nickel fell 0.12%, Shanghai Tin fell 0.24%, thread rose 1.49%, and stainless steel fell 0.52%. New cases have soared again in most states in the United States. New York State has expanded the scope of the quarantine policy for foreign workers, while the Greater Miami area of Florida has suspended the restart, and the epidemic situation in some areas is still severe.

The dollar index rose 0.18% to 96.958. There are no data to drive the market, although US stocks fell as investors worried about the outlook for economic growth, as some new top hotspots continued to delay restart around the world, as investors abandoned riskier assets. the safe-haven dollar will benefit.

In terms of US stocks, the Dow Jones Industrial average fell 396.85 points, or 1.51%, to 25890.18; the S & P 500 fell 34.4 points, or 1.08%, to 3145.32; and the NASDAQ fell 89.76 points, or 0.86%, to 10343.89. Investors are still concerned about the epidemic and economic prospects. The rebound of the epidemic in the United States is grim, and a Texas judge is considering issuing a "home order" again. Fed officials say the unemployment rate figures underestimate the actual losses caused by the epidemic, and the rebound in the epidemic is grim.

WTI August crude oil futures closed down 0. 01 U.S. dollars at 40.62 U.S. dollars per barrel, Brent September crude oil futures closed down 2 cents at 43. 08 U.S. dollars per barrel. WTI August crude oil futures closed down 0. 01 U.S. dollars at 40.62 U.S. dollars per barrel, Brent September crude oil futures closed down 2 cents at 43. 08 U.S. dollars per barrel. Global oil demand will recover by the end of 2021 and is expected to reach 101.1 million barrels a day by the fourth quarter of next year, the US Energy Information Administration (EIA) said on Tuesday.

COMEX August gold futures closed up 0.7% at $1796.08 an ounce. Gold rebounded on Tuesday, within walking distance of its key level of $1800 an ounce, as a jump in the number of new cases boosted hopes for looser monetary policy and safe-haven demand for the metal.

In terms of data,

Germany's monthly industrial output rate after quarterly adjustment in May:-17.90% expected: 10.00% announcement: 7.8% revision:-17.5% (previous value)

China's foreign exchange reserves (US $100 million) in June: 31016.9 expected: 31200 announced: 31123.3

Wang Chunying, spokesman for the safe, answered a reporter's question on the changes in the scale of foreign exchange reserves in June 2020: in June, China's foreign exchange market maintained an overall balance between supply and demand. Under the influence of factors such as the global epidemic of new crown pneumonia and the monetary and fiscal stimulus policies of major countries, the dollar index fell slightly on the international financial market, while asset prices in major countries rose. Due to the combined effect of factors such as exchange rate conversion and changes in asset prices, the scale of foreign exchange reserves increased in that month.

Us May JOLTs vacancies (10,000) pre-value: 504.6 expected: 485announcement: 539.7 revision: 499.6 (previous value)

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