[SMM aluminum morning meeting summary: The "mini nonfarm" of the Unite

Published: Jun 6, 2024 09:07

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[SMM aluminum morning meeting summary: The "mini nonfarm" of the United States in May was lower than expected, and the expected interest rate cut is beneficial to the rise of aluminum prices.] Macroscopically speaking, the "mini nonfarm" of the United States in May was lower than expected, and the probability of the Federal Reserve remaining inactive in June changed little. The Bank of Canada cut interest rates by 25 basis points, from 5% to 4.75%, which was consistent with market expectations. Canada became the first G7 country to cut interest rates, initiating a loose cycle, and the global interest rate reduction trend further accelerated.

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