SMM9 March 15: yesterday, the outer disk metal rose across the board, Lun Copper rose 0.96%, Lun Al rose 1.52%, Lun Zinc rose 0.34%, Lunni rose 1.03%, Lunxi rose 0.78%, and Lunxi lead rose 1.72%. The domestic metal market generally rose, with Shanghai copper up 0.23%, Shanghai aluminum up 0.76%, Shanghai zinc up 0.51%, Shanghai lead up 1.07%, Shanghai nickel up 0.95%, Shanghai tin down 0.19%, thread up 0.14%, and stainless steel up 0.77%.
The dollar index fell 0.19% to 93.073; it remains firmly within the bearish trend since March. Amo Sahota, executive director of currency consulting firm Klarity FX, said novel coronavirus's vaccine news had some positive impact, which helped boost the market. Overall, I would call today a weak and optimistic day. I don't know if we are seeing any significant new developments today that will give us any signs of a trend. There is more support for the stock market today, so the dollar is weaker.
The three major indexes of US stocks rose across the board, with the Dow up 327.69 points, or 1.18%, at 27993.33, the Nasdaq up 203.11 points, or 1.87% at 11056.65, and the S & P 500 up 42.57 points, or 1.27%, at 3383.54. AstraZeneca announced over the weekend that it had resumed phase III trials of its coronavirus vaccine developed jointly with Oxford University. The progress of the vaccine boosted market optimism and sent US stocks higher.
In precious metals, spot gold rose more than 1 per cent to $1962.55 an ounce at one point. A weaker dollar and lower US bond yields helped gold record its biggest daily gain so far this month.
In crude oil, oil prices fell slightly on Monday, dragged down by the stagnant global economic recovery and concerns that Libya is preparing to resume production. The OPEC+ alliance of OPEC and its allies will meet on Sept. 17 to discuss the implementation of the production reduction agreement, and analysts do not expect further production cuts.
In terms of data, France's BOF Business confidence Index for August, previous value: 99 expected: 100announcement: 106,
Monthly rate of industrial output in the euro zone in July, previous value: 9.1% expected: 4% announcement: 4.1%
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