[overnight market] domestic metals fell and US oil rose more than 5%, the biggest increase since early June.

SMM9 March 17: yesterday, metal on the outer disk was up and down, Lun Copper rose 0.5%, Lun Aluminum fell 0.03%, Lun Zinc rose 0.92%, Lunni fell 0.16%, Lunxi rose 0.14%, Lunxi lead fell 0.92%; Shanghai Copper fell 0.14%, Shanghai Aluminum rose 0.14%, Shanghai Zinc rose 0.2%, Shanghai lead fell 0.63%, Shanghai Nickel fell 0.78%, Shanghai Tin fell 0.25%, threads fell 0.45%, and stainless steel fell 0.32%.

The dollar index was almost flat at the end of the day; new York fell as much as 0.33 per cent in early trading due to weaker-than-expected US retail sales. Yields on 10-year Treasuries climbed to near their highest level in a week after Mr Powell commented on the scale of the stimulus.

The three major indexes of US stocks were mixed, with the Dow up 36.78 points, or 0.13%, at 28032.38, the Nasdaq down 139.85 points, or 1.25% at 11050.47, and the S & P 500 down 15.71 points, or 0.46%, at 3385.49. The Fed keeps interest rates close to zero and expects the policy of low interest rates to remain low until the end of 2023. Powell said the economic recovery was faster than expected and reiterated that the economy needs the support of both fiscal and monetary policies.

In terms of precious metals, gold prices rose and fell back on Wednesday, with spot gold hitting an intraday high of $1973.56 / oz since Sept. 1 and falling to $1959.25 / oz in late trading. Higher US bond yields limited gold's rally.

In crude oil, US oil rose more than 5 per cent to a new high of $40.34 a barrel since September 4, the biggest increase since early June, boosted by falling US crude oil inventories and dovish signals from the Federal Reserve. Hurricane Sally, a Category 2 hurricane that made landfall in the Gulf of Mexico, also pushed up oil prices as more than 1/4 of offshore oil production was shut down.

On the data side, the euro zone quarterly adjusted trade account in July, previous value: 171 expected: 193 announcement: 203

Monthly retail sales rate in the United States in August, previous value: 0.9% expected: 1% announcement: 0.6%

Us September NAHB real estate market index, previous value: 78 expected: 78 published: 83

Us EIA crude oil inventory (10,000 barrels) for the week to September 11, previous value: 203.3 expected: 127.1 announcement:-438.9

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