SMM10 March 30: yesterday, most of the outer disk metal market was green, Lun Copper fell 0.07%, Lun Aluminum fell 0.41%, Lunzn Zinc rose 0.2%, Lunni fell 1.11%, Lunxi fell 0.75%, and Lunxi lead rose 1.33%. In the domestic market, shanghai copper fell 0.21%, shanghai aluminum rose 0.17%, shanghai zinc rose 0.56%, shanghai lead rose 0.42%, shanghai nickel fell 1.66%, shanghai tin fell 0.05%, thread rose 0.98%, and stainless steel fell 0.9%.
The dollar index rose 0.5% to 93.92. On the one hand, safe-haven buying is still driving the dollar, on the other hand, yesterday's economic data showed that the US economy grew at a record pace in the third quarter, and the trend in the number of first-time jobless claims improved.
The three major indexes of US stocks overfell and rebounded. The S & P 500 index closed up 39.10 points, or 1.19%, at 3310.10; the NASDAQ closed up 180.70 points, or 1.64%, at 11185.59; and the Dow Jones index closed up 139.30 points, or 0.53%, at 26659.24.
In terms of crude oil, WTI crude oil futures closed down 1.22 U.S. dollars, or 3.26 percent, at 36.17 U.S. dollars per barrel, the lowest monthly contract since June 1, while Brent crude oil futures closed down 1.47 U.S. dollars, or 3.76 percent, at 37.65 U.S. dollars per barrel.
In precious metals, COMEX December gold futures closed down 0.6% at $1868.00 an ounce. In addition to the pressure from the rebound in the dollar, the World Gold Council reported that total global gold demand fell in the third quarter, the lowest quarterly demand level in 11 years, leading to a decline in gold prices.
In terms of data, the unemployment rate in Germany after the quarterly adjustment in October is 6.30%. 6.30% is expected to announce 6.2%.
Forexlive comments on Germany's unemployment rate after quarterly adjustment in October: Germany's unemployment rate fell by a larger-than-expected 6.2% in October, reflecting a stronger recovery in the labor market after the first wave of the epidemic. Although the government's vacation plan masks many negative effects, the improvement in unemployment is clearly a positive sign in the wake of the second wave of outbreaks across the region. At present, Germany has imposed a new blockade, and the employment situation in November has yet to be reassessed.
Euro area consumer confidence index for October before final value-15.5 expected-15.5 released-15.5
Forexlive comments on the final value of euro zone consumer confidence index for October: although industrial confidence continues to improve, service sector confidence is expected to decline due to the resurgence of the novel coronavirus epidemic throughout the region. Yesterday's announcement by Germany and France will only add to concerns in the coming months as economic sentiment about the economic outlook for the fourth quarter moderates.
The number of initial jobless claims in the United States in the week to October 24 (10,000) is expected to be 78.7. 7. 77.5 announced 75.1.
The initial value of the actual annualized quarterly rate of GDP in the United States in the third quarter-31.40% is expected to be announced at 33.1%.
Financial blog zero-hedge review of US GDP data: the US real GDP annualized quarterly rate reached a record high of 33.1 per cent in the third quarter, but the rebound is not "impressive" compared with last year's level, and the US economy is still 2.9 per cent lower than last year after the implementation of trillions of dollars of stimulus measures.
Euro zone to October 29th European Central Bank main refinancing rate before 0.005% expected 0.000% announcement
The European Central Bank left its ultra-loose policy unchanged on Thursday, but hinted that it would provide more support to the European economy in December, as the eurozone economy struggles to cope with a new wave of novel coronavirus. But beyond that, the ECB has not changed the size of its iconic emergency anti-epidemic bond-buying programme, (PEPP).
