SMM8 March 3: last night the outer disk metal rose and fell mixed, Lun copper fell 1%, after the manufacturing data of the United States and China were lower than expected, which triggered concerns about demand and led to a fall in copper prices. But at the same time, fears of a possible strike in Chile, the world's largest copper producer, also curbed the decline in copper prices. Lun zinc fell 0.21%, Lun Ni fell 0.51%, Lun aluminum, Lun Xi, Lun lead concussion closed higher.
In the internal market, only Shanghai lead recorded a slight increase, an increase of 0.25%. Shanghai nickel fell 1.37%, as the nickel price close to the previous high, the probability of short-term adjustment is also gradually increasing, the overall or high shock trend. The black system has improved, while stainless steel and iron ore have risen.
The volatility of the dollar came after the Fed issued a modest statement last week and economic data were mixed, with markets assessing the extent to which risks should be accepted. Non-farm data will be released in the United States this week, and the market is still waiting for the data to be released for the next step.
U. S. stocks closed mixed on Monday. Investors are weighing strong results against the rapid spread of the delta strain, as falling US bond yields and oil prices worry about the economic outlook. The U.S. Congress is likely to pass a trillion-dollar infrastructure bill this week. The Dow fell 97.31 points, or 0.28%, to 34838.16; the Nasdaq rose 8.39 points, or 0.06%, to 14681.07; and the S & P 500 fell 8.10 points, or 0.18%, to 4387.16.
Crude oil futures fell more than 3 per cent on Monday after weak economic data from China and the US, the world's largest oil consumers, and increased production of (OPEC) crude oil from the Organization of Petroleum Exporting countries raised concerns about weak demand and oversupply.
In precious metals, gold futures edged higher on Monday, boosted by a weaker dollar and lower U.S. Treasury yields, but increased risk appetite reduced some of gold's attractiveness.
In terms of data, the actual monthly rate of retail sales in Germany in June (%), the previous value of 4.2, the forecast value of 2, the published value of 4.2;
The actual annual rate of retail sales in Germany in June (%), the previous value is-2.4, the forecast value is 3, and the published value is 6.2;
The final value of German Markit manufacturing PMI in July, the previous value is 65.6, the predicted value is 65.6, and the published value is 65.9;
Euro zone Markit manufacturing PMI final value in July, previous value 62.6, forecast value 62.6, published value 62.8;
The final value of Markit manufacturing PMI in the United States in July, the previous value is 63.1, the predicted value is 63.1, and the published value is 63.4;
The pre-PMI, value of US ISM manufacturing industry in July is 60.6, the forecast value is 60.9, and the published value is 59.5.
