SMM12 March 1: yesterday, most of the outer disk metal market was green, Lunni fell more than 2%, Lunxi and Lunqin fell nearly 2%, Lunzn zinc fell nearly 0.6%, Lun copper rose nearly 0.9%, and Lun aluminum rose nearly 2%. (LME) copper futures on the London Metal Exchange surged to their highest level in more than seven years on Monday, with many cautious investors betting that the strong rally in copper prices in the coming days needs some respite as the year-end approaches. On Monday, most LME metal prices hit new record highs in intraday trading, but many metals turned lower in afternoon trading. Domestically, international copper is down 0.2%, Shanghai copper is down nearly 0.5%, Shanghai aluminum is up nearly 1.8%, Shanghai lead is down nearly 1.9%, Shanghai nickel is down nearly 3%, Shanghai zinc is down nearly 0.8%, and Shanghai tin is down nearly 1.5%.
The dollar index rebounded sharply from a more than two-and-a-half-year low on Monday and rose above 92 in late trading as widespread risk sentiment deteriorated again, Wall Street stocks fell and investors were frustrated by weaker US economic data and the lack of any progress in another stimulus package.
U. S. stocks closed lower on Monday, but the Dow still recorded its best November performance since 1987. The market pays close attention to vaccine research and development and the development of the epidemic situation. The number of new confirmed cases of novel coronavirus in the United States continues to surge. Moderna plans to submit novel coronavirus vaccine applications in the United States and the European Union. The Dow closed down 271.73 points, or 0.91%, at 29638.64; the Nasdaq fell 7.11 points, or 0.06%, at 12198.74; and the S & P 500 fell 16.72 points, or 0.46%, at 3621.63.
In terms of crude oil, oil prices fell slightly on Monday as the world's major oil producers discussed extending the current sharp production reduction agreement during negotiations this week. But the price of benchmark crude oil rose strongly this month on hopes that the novel coronavirus vaccine will be available soon. Ministers and representatives at the meeting said on Monday that there was a broad consensus among (OPEC) members of the Organization of Petroleum Exporting countries that it was necessary to extend the existing production cuts for another three months from January next year, provided that allies in the OPEC alliance also supported the move.
In precious metals, COMEX gold futures closed lower on Monday, the lowest close since early July and down nearly 6 per cent in November. Optimism that the vaccine will drive a rapid economic recovery has fuelled enthusiasm among stock market investors and undermined gold's safe-haven appeal. Us Health and Human Services Secretary Azar (Alex Azar) said on Monday that the two vaccines first developed could be available for vaccination in the United States before Christmas. Vaccine-related good news puts pressure on dollar-denominated gold.
On the data side, China's official manufacturing PMI, in November was 51.4, expected to be 51.5, and announced 52.1.
Zhao Qinghe, senior statistician at the Service Industry Survey Center of the National Bureau of Statistics: with remarkable achievements in overall epidemic prevention and control and economic and social development, China's economy continues to recover steadily. In November, China's manufacturing purchasing managers' index, non-manufacturing business activity index and composite PMI output index were 52.1 per cent, 56.4 per cent and 55.7 per cent respectively, up from 0.7,0.2 and 0.4 percentage points last month.
Germany November CPI monthly rate initial value, previous value 0.10%, expected-0.70%, published-0.8%.
Chicago PMI, in November, the pre-value of 61.1, expected to be 59, announced 58.2.
The monthly rate of signed sales index of existing homes in the United States in October, the previous value is-2.20%, the expected rate is 1.00%, and the announcement is-1.1%.
Institutional review of signed sales of existing homes in the United States in October: the number of existing home purchase contracts in the United States fell for the second month in a row, as a severe shortage of houses pushed up prices, but the housing market was still supported by record low mortgage rates. Although builders have stepped up construction and the government reported this month that single-family residential buildings, which account for the largest share of the US housing market, have risen to their highest level since April 2007, housing supply has failed to keep up with demand. as a result, house prices have been pushed up to levels that many first-time buyers cannot afford.
