SMM11 March 30: on Friday, the outer disk metal market was all red, with Lun lead up 3.13%, Lun Aluminum up 1.65%, Lun Copper up 1.26%, Lunzn Zinc up 1.09%, Lunny Nickel up 0.8%, and Lunxi up 0.72%. (LME) copper futures on the London Metal Exchange hit its highest level in seven and a half years on Friday as speculators and industrial users poured into the metal market as they prepared for COVID-19 vaccine to drive economic recovery. Domestically, international copper rose 1.05%, Shanghai copper rose 1.13%, Shanghai aluminum rose 1.12%, Shanghai zinc rose 2.16%, Shanghai lead rose 2.08%, Shanghai nickel rose 0.94%, and Shanghai tin rose 0.29%.
The dollar index hit a nearly three-month low on Friday as traders bought commodity-related currencies, the Norwegian krona led a rise in Gmur10, the euro rose to its highest level since early September and sterling lost. Traders say some leveraged funds are preparing to sell dollars at the end of the month. The dollar index fell 0.26 per cent to 91.79 late in the day, falling to 91.75, its lowest level since September 1, but it did not hit a September low of 91.737, which it last hit in April 2018.
In terms of U. S. stocks, U. S. stocks closed higher on Friday, with the Nasdaq and the S & P 500 closing at record highs. All three major indexes of u.s. stocks are up more than 2% this week. The vaccine news became the focus of the market, and Trump said novel coronavirus vaccine delivery would begin next week. Goldman Sachs predicts that the high proportion of vaccinations in Europe and the United States next year could lead to a sharp rebound in the global economy. The Dow rose 37.90 points, or 0.13%, to 29910.37; the Nasdaq rose 111.44 points, or 0.92%, to 12205.85; and the S & P 500 rose 8.70 points, or 0.24%, to 3638.35.
In terms of crude oil, US Oil fell on Friday, but rose for the fourth week in a row ahead of the OPEC meeting of the Organization of Petroleum Exporting countries ((OPEC)) and its allies. Despite the rise in oil prices, the (OPEC) of the Organization of Petroleum Exporting countries and its allies, including Russia, are still inclined to postpone plans to increase oil production next year to prop up the market during the second wave of the novel coronavirus epidemic and rising production in Libya, according to three people close to OPEC.
In precious metals, COMEX gold futures fell on Friday, falling below the key support level of $1800 and recording the biggest weekly decline since the end of September. Growing optimism that the US economy will recover quickly driven by vaccination and a smooth transition at the White House has pushed the US stock market to an all-time high.
In terms of data, the profits of China's large-scale industrial enterprises in October (100 million yuan), the previous value of 6464.3, is expected to announce 6429.1. The annual profit rate of China's industrial enterprises above scale in October, with a previous value of 10.10%, is expected to announce 28.2%.
Zhu Hong, senior statistician of the Industry Department of the National Bureau of Statistics: from January to October, industrial enterprises above scale achieved profits of 5.01242 trillion yuan, an increase of 0.7% compared with the same period last year. From January to September, the cumulative profit growth rate decreased by 2.4%, and the cumulative profit growth rate changed from negative to positive for the first time this year. From January to October, the profit growth rate of 36 of the 41 major industrial industries was faster or slower than that of January-September; 25 industries achieved year-on-year profit growth, an increase of 4 over January-September, and the industry area of profit growth reached 61%. Among them, 12 industries achieved double-digit profit growth.
Euro zone economic sentiment index for November, a previous value of 90.9, is expected to be 86.5, released 87.6.
