SMM7 March 29: on the last trading day, most of the Lunpan metal market closed higher, Luntan copper rose 0.61%, Lunxun aluminum rose 0.91%, Lunzn zinc rose 1.43%, Lunni fell 0.72%, Lunxi fell 0.14%, and Lunxi lead rose 0.3%. In the domestic market, Shanghai copper is up 0.25%, Shanghai aluminum is up 1.43%, Shanghai zinc is up 1.65%, Shanghai lead is up 0.72%, Shanghai nickel is down 0.27%, Shanghai tin is down 0.09%, thread is down 0.13%, and stainless steel is up 0.04%.
The dollar index ended a losing streak, rising 0.13% to 93.76, falling to 93.47 on Monday, the lowest since June 2018. The Fed extended most of its emergency lending program by three months to the end of 2020, a sign that the central bank is still worried about the health of the economy. But the U.S. index is likely to weaken further.
The three major indexes of US stocks closed lower, with the Dow closing down 205.50 points, or 0.77%, at 26379.28; the S & P 500 closed down 21.00 points, or 0.65%, at 3218.44; and the NASDAQ closed down 134.20 points, or 1.27%, at 10402.09.
WTI September crude oil futures closed down 56 cents, or 1.35 percent, at 41.04 U.S. dollars per barrel, while Brent crude oil futures closed down 19 cents, or 0.42 percent, at 43.22 U.S. dollars per barrel.
COMEX August gold futures closed up 0.7% at $1944.60 an ounce. Gold prices were volatile on Tuesday, with spot gold closing at $1958.43 an ounce, up more than $50 from a session low. Despite the market volatility, most market watchers expect gold to continue to rise.
In terms of data,
UK July CBI retail sales spread before:-37 expected:-25 announcement: 4
Prior value of the Conference Board Consumer confidence Index in July: 98.1 expected: 94.5 announcement: 92.6 revision: 98.3 (previous value)
Website Forexlive analyst Adam Button commented on the Conference Board Consumer confidence Index in July: this index is an important leading indicator, but it is clear from the release of the data that there will be a V-shaped recovery in the economy.
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