SMM3 March 31 news: yesterday, most of the outer disk metal was green, Lunchu fell nearly 1.3%, Lun aluminum fell nearly 1.7%, Lunzn zinc fell nearly 1.4%, Lunni fell nearly 2%, Lunxi fell nearly 0.3%, and Lunxi lead rose nearly 0.2%. Lun Copper fell on Tuesday as a stronger dollar and rising inventories triggered a sell-off, while the market looked forward to manufacturing survey data to be released by China, the largest consumer. Analysts point out that there is no real fundamental news, the dollar is rising, inventories are rising and funds are selling. The manufacturing purchasing managers' index (PMI), to be released this week, should provide us with clues to future demand. Domestically, international copper and shanghai copper fell nearly 1.1%, shanghai aluminum fell nearly 1.2%, shanghai lead rose nearly 0.2%, shanghai zinc fell nearly 1%, shanghai nickel fell nearly 2.4%, shanghai tin fell nearly 1.3%.
The dollar index rose against major currencies on Tuesday, climbing to an one-year high against the yen as US vaccination boosts and massive economic stimulus packages propped up expectations of a strong recovery from the epidemic, pushing up US Treasury yields. The yield on 10-year Treasuries rose to a 14-month high of 1.776% on Tuesday and rose to 1.727% in late trading. U.S. President Joe Biden will outline how he plans to fund $3 trillion to $4 trillion in infrastructure plans a day after U. S. bond yields hit record highs.
U. S. stocks closed lower on Tuesday, led by technology stocks. The yield on 10-year US Treasuries hit a 14-month high, putting pressure on technology stocks. The market continues to pay attention to the impact of Archegos explosion on financial markets. Us President Joe Biden is about to deliver a speech on $3 trillion in infrastructure projects. The Dow fell 104.41 points, or 0.31%, to 33066.96; the Nasdaq fell 14.25 points, or 0.11%, to 13045.39; and the S & P 500 fell 12.54 points, or 0.32%, to 3958.55.
In terms of crude oil, international oil prices fell on Tuesday as the Suez Canal resumed navigation and the dollar strengthened. Shipping on Egypt's Suez Canal resumed late Monday after the Changzhi container ship, which ran aground on the canal, resurfaced, a busy channel that has been blocked for nearly a week, the head of the canal said. The 422 ships waiting to pass can be dredged in three and a half days.
In terms of precious metals, international gold futures closed down for a second straight session on Tuesday as a stronger dollar, higher Treasury yields and hopes of a faster recovery in the US economy dampened demand for safe-haven gold. Benchmark 10-year Treasury yields rose to a 14-month high of 1.778%, buoyed by hopes of stronger growth and inflation, U.S. president Joe Biden will announce infrastructure spending plans in Pittsburgh on Wednesday.
On the data side, the euro zone economic climate index for March: a previous value of 93.4, expected to be 96, released 101. Euro zone March consumer confidence index final value: previous value-10.8, expected-10.8, published-10.8.
Financial wang station Forexlive comments on the final value of the euro zone's consumer confidence index in March: optimism in the euro zone continues to exceed expectations, with the economic confidence index slightly higher than the long-term average for the first time since the outbreak. It is worth noting that Germany saw the biggest improvement in confidence, jumping 7.9 to 103.7. This reiterates a more positive outlook for the second half of 2021, but the latest outbreak developments are likely to pour cold water on those expectations in the coming months.
The initial value of German March CPI monthly rate: 0.70%, expected: 0.50%, published: 0.5%.
Financial wang station Forexlive comments on German March CPI data: it is worth noting that the initial annual rate of German reconciled CPI in March climbed to 2.0% for the first time since April 2019. But don't expect the ECB to interpret the jump too much, as the data are also affected by VAT changes and last year's underlying effect adjustment.
The Conference Board Consumer confidence Index in the United States recorded 109.7 in March, the highest level since March last year.
Consumer confidence at LynnFranco:, head of economic indicators at the American Consultative Council, rose to its highest level since the novel coronavirus outbreak in March 2020. Consumers' assessment of current economic conditions and short-term prospects has improved significantly, suggesting that economic growth is likely to strengthen further in the coming months. Renewed consumer confidence has boosted their willingness to buy homes, cars and several commodities. However, concerns about inflation have risen in the short term, which is likely to be due to higher gasoline prices and may dampen willingness to spend in the coming months.
![[SMM Análisis Macro] Jackson Hole señala una Fed de línea dura, impulsando las expectativas de subida de tipos en septiembre](https://imgqn.smm.cn/usercenter/VCNvX20251217171735.jpeg)
