[overnight] Metals rise and fall, the US Dollar moves higher and the S & P 500 hits a new high

SMM7 March 8: yesterday, the outer disk metal was mixed. The price of copper in the outer market rose 1.45% on Wednesday, recovering the previous day's losses as investors waited for the latest minutes of the meeting released by the Federal Reserve. In addition to Lun copper, Lunni also recorded an increase of 1.69% in the outer market, with zinc up 0.94%, Lunxi up 0.48%, Lun aluminum down 0.76%, and lun lead down 0.09%.

The rise and fall of domestic non-ferrous metals varies. By the close, Shanghai Copper rose 0.07%, Shanghai Aluminum fell 0.58%, Shanghai Zinc fell 0.02%, Shanghai lead rose 0.16%, Shanghai Nickel rose 0.63%, and Shanghai tin was the same as yesterday's closing price. The Shanghai Futures Exchange said in a notice that it agreed that the approved storage capacity of the designated lead futures delivery warehouse of China Reserve Development Co., Ltd., located at No. 32-1 Chengnan Road, Wuxi, should be increased from 30, 000 tons to 45000 tons, and that of nickel futures from 4000 tons to 10, 000 tons.

In terms of the dollar index, the dollar rose slightly on Wednesday, and the minutes of the Fed meeting released early this morning mentioned that officials attending the meeting generally believed that the Federal Open Market Committee's criteria for "substantial further progress" had not yet been met. a number of officials attending the meeting expected that the conditions for slowing down the pace of asset purchases would be met earlier than expected at previous meetings. And the Fed's tolerance for inflation risks shifted at its June meeting, and officials were unsure how soon the labour shortages and supply bottlenecks that contributed to rising inflation would end.

U. S. stocks closed higher on Wednesday, with the Nasdaq and S & P hitting record highs, led by large technology stocks. The Fed discussed how to start scaling back its stimulus program at its June meeting on Wednesday, and officials expect conditions to start tightening ahead of time. Separately, the yield on the US 10-year Treasury note fell below 1.30 per cent to a four-month low and the number of job vacancies hit a record high in May.

In crude oil, oil prices fell more than $1 on Wednesday, showing a tug-of-war again in intraday trading, as some investors worried that the collapse of negotiations this week between the (OPEC) and its allies' OPEC alliance could mean more supply, not less.

In terms of precious metals, COMEX gold futures closed higher on Wednesday for a fifth straight day, with Treasury yields falling after officials believed the economic recovery had not achieved its goal of "substantial progress", according to minutes of the FED/ Federal Reserve meeting in June.

The monthly rate of industrial output after the quarterly adjustment in May in Germany is-1, the forecast value is 0.5, the published value is-0.3; the annual rate of industrial output after the adjustment of working days in May in Germany, the previous value is 26.4, the forecast value is 17.7, and the published value is 17.3.

The pre-trade value of France in May is-62.44, the forecast value is-61, and the published value is-68.01.

The previous value of China's foreign exchange reserves in June was 32218, with a forecast value of 32,000 and a published value of 32140.1.

Canada has a pre-IVEY pre-PMI value of 64.7 after quarterly adjustment in June, with a reported value of 71.9.

In the United States, the pre-vacancy value of JOLTs jobs in May was 928.6, with a forecast value of 932.5 and an announced value of 920.9.