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[overnight quotation] the outer disk metal collectively rose, Lun copper rose 3%, the US index rebounded to precious metals under pressure.
Sep 6,2020 16:31CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM9 March 6: on the last trading day, the outer plate metal rose collectively, Lun Copper rose 3%, Lun Aluminum rose 0.9%, Lun Zinc rose 0.64%, Lunni rose 1.73%, Lunxi rose 0.25%, and Lunxi lead rose 1.93%. In the domestic market, Shanghai copper rose 2.26%, Shanghai aluminum rose 0.39%, Shanghai zinc fell 0.28%, Shanghai lead rose 0.16%, Shanghai nickel rose 0.47%, Shanghai tin rose 0.23%, thread fell 0.03%, and stainless steel rose 0.17%.

The dollar index rallied on Friday as US stocks narrowed their losses and commodity currencies rebounded; the dollar still rose 0.56 per cent this week, its biggest weekly gain since June.

The three major indexes of US stocks closed lower, with the S & P 500 closing down 28.10 points, or 0.81%, at 3426.96; the NASDAQ closed down 145.00 points, or 1.27%, at 11313.13; and the Dow Jones Index closed down 159.40 points, or 0.56%, at 28133.31.

In precious metals, COMEX December gold futures closed down 0.2% at $1934.30 an ounce. The correlation between gold and the dollar has increased, especially in the past few weeks, and the dollar has rebounded after strong economic reports, especially after unemployment data, putting pressure on gold prices.

In terms of crude oil, WTI crude oil futures closed down $1.60, or 3.9%, to settle at $39.77 a barrel, while Brent futures for November delivery closed down $1.41, or 3.2%, at $42.66 a barrel, both the lowest closing price since July 9. WTI crude oil futures fell about 7.5% and Brent crude fell about 6.9% this week.

In terms of data, the previous value of non-farm payrolls (10,000) after the US quarterly adjustment in August is expected to be 176.3, which is expected to release 137.1 revised 173.4 (previous value).

Us unemployment rate ahead of 10.20% in August 9.8% expected to release 8.4%

Us Bureau of Labor Statistics: the increase in employment in August mainly reflects temporary recruitment for the 2020 census. There was also significant employment growth in retail, professional and business services, leisure, and education and health services.

Institutional analysis: the improvement in the US non-farm payrolls report in August slowed from the previous month, as companies and states ran out of cash, although hiring continued.

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