SMM10 March 20: yesterday, the outer disk metal market rose and fell, with zinc up more than 2%, Lunxi up more than 1%, Lunxi copper up nearly 0.6%, Len lead up nearly 0.3%, Lenny down nearly 0.2%, Len aluminum down nearly 1%, Lunni surged to an 11-month high on Monday, as strong demand from stainless steel mills spurred new buying, while industrial metals were generally supported by a weaker dollar and healthy economic growth in China, the largest consumer. The domestic metal market is also mixed. Shanghai tin and Shanghai zinc are up nearly 0.7%, Shanghai copper is up nearly 0.1%, Shanghai aluminum is down nearly 0.5%, Shanghai lead is down nearly 0.6%, and Shanghai nickel is down nearly 0.7%.
The dollar index fell 0.31% to 93.42; at one point earlier, it fell 0.52%, the biggest intraday decline since October 9; the index's 55-day moving average was blocked twice, and bears remained in control. Analysts pointed out that the dollar index traded in a narrow range of 93.207-93.767, and from a technical point of view, the dollar index is likely to remain in a range this week.
Us stocks closed lower on Monday, with all three major indexes falling more than 1.4 per cent. The market continues to pay attention to the prospect of fiscal stimulus and the outbreak of coronavirus. Pelosi said she was happy to launch the fiscal stimulus package as soon as possible, but set a 48-hour time limit for talks. The number of new confirmed cases of novel coronavirus in the United States has exceeded 50, 000 for five consecutive days. The Dow fell 410.89 points, or 1.44%, to 28195.42; the Nasdaq fell 192.67 points, or 1.65%, to 11478.88; and the S & P 500 fell 56.89 points, or 1.63%, to 3426.92.
In precious metals, COMEX gold futures closed higher on Monday as analysts said rumors that Congress would reach a deal on a new round of fiscal easing before the 2020 presidential election would help boost willingness to buy, while a weaker dollar helped gold prices. Investors have adapted to repeated negotiations between House Speaker Pelosi (Nancy Pelosi) and Treasury Secretary Nuchin (Steven Mnuchin) on providing a new round of funding to American companies and workers. The economic weakness caused by the novel coronavirus epidemic has dealt a heavy blow to American companies and workers.
In crude oil, US oil fell slightly on Monday, boosted by concerns about a surge in new cases around the world and plans to increase production in Libya, but provided some support for hopes of a US fiscal plan. Analysts are also watching Monday's OPEC ministerial supervisory committee meeting. Russian Energy Minister Nowak said the committee recommended the full implementation of the alliance's production reduction agreement.
In terms of data, China's third-quarter GDP annualized rate, the previous value of 3.20%, expected 5.2%, announced 4.9%, China's third-quarter GDP annualized rate of 4.9%, continuing the trend of strong recovery. Liu Aihua, spokesman for the National Bureau of Statistics, said that in the fourth quarter and even the whole year of this year, China has the foundation and conditions to maintain the current growth trend. The cumulative growth rate of total retail sales of consumer goods in the first three quarters of this year was still declining, mainly due to the impact of COVID-19 's epidemic on consumer demand. However, from the perspective of trend, retail in China has come out of the deep impact brought by the epidemic and is slowly recovering. Online consumption maintains rapid growth, while offline consumption is also in the process of recovery.
National Bureau of Statistics: in September, the added value of industries above scale increased by 6.9% in real terms compared with the same period last year (the following growth rates are all real growth rates excluding price factors), which is 1.3 percentage points faster than that in August. On a month-on-month basis, the added value of industries above scale increased by 1.18% in September over the previous month. From January to September, the added value of industries above scale increased by 1.2% compared with the same period last year.
According to preliminary calculations released by the National Bureau of Statistics on the 19th, the gross domestic product (GDP) in the first three quarters was 72.2786 trillion yuan, an increase of 0.7 percent over the same period last year at comparable prices. Under the big examination of the epidemic, China's economy has achieved positive growth this year, and the results are hard to come by. From a quarterly point of view, on the basis of 6.8% year-on-year decline in the first quarter and 3.2% year-on-year growth in the second quarter, the growth rate accelerated to 4.9% in the third quarter, showing a steady resumption of growth.
The National Bureau of Statistics released China's economic data for the third quarter. According to the data, the total retail sales of consumer goods increased by 3.3% in September, of which the total retail sales of automobile products increased by 11.2% compared with the same period last year, while cosmetics and jewelry continued to grow rapidly, and the growth rate of clothing accelerated to 8.3%.
