SMM11 March 11: yesterday, most of the outer disk metal market rose 1.88%, Lun Ni rose 0.7%, Lun Al rose 0.47%, Lun Copper rose 0.34%, Lunzn Zinc rose 0.04%, Lunxi fell 0.19%. Lunchu rebounded slightly to a 29-month high on Tuesday, as the prospect of an effective du vaccine for coronary heart disease was encouraging, boosting hopes for economic recovery and copper demand. The dollar also recovered some of Monday's losses, making metals more expensive for buyers of other currencies, depressing metal prices. In the domestic market, domestic metals rise and fall each other. Shanghai lead is up 0.62%, Shanghai nickel is up 0.38%, Shanghai aluminum is up 0.2%, Shanghai tin is down 0.05%, Shanghai copper is down 0.46%, and Shanghai zinc is down 0.54%.
The dollar index fell 0.09% to 92.74 as market participants refused to push the dollar higher because of uncertainty about how or when the vaccine would be launched. Treasury yields held on to Monday's gains, and the spread between two-year and 10-year Treasury yields widened slightly in volatile trading. Analysts said the dollar rose sharply on Monday as investors took long positions in major safe-haven currencies such as the Swiss franc and the yen.
U. S. stocks closed mixed on Tuesday. The Dow closed up 260 points, extending yesterday's rally. The Nasdaq continued to decline, technology stocks that led the market higher during the outbreak continued to be sold off, and sectors related to economic recovery were sought after. The market continues to pay attention to factors such as the research and development of du vaccine for coronary disease and the US election. The Dow closed up 262.95 points, or 0.90%, at 29420.92; the Nasdaq fell 159.93 points, or 1.37%, at 11553.86; and the S & P 500 fell 4.97 points, or 0.14%, at 3545.53.
In terms of crude oil, US oil closed up nearly 3 per cent on Tuesday as hopes of a novel coronavirus vaccine outweighed fears of a drop in fuel demand as a result of the new blockade. Separately, Prince Abdulaziz, Saudi energy minister, said at a meeting on Monday that the OPEC alliance of allies such as the Organization of Petroleum Exporting countries ((OPEC)) and Russia could adjust the supply agreement if demand for vaccines slumps before it is available. The news also gave a boost to oil prices.
In precious metals, COMEX gold futures rose on Tuesday after a sharp fall in the previous session, as safe-haven gold was supported by concerns about the global economic recovery and expectations of further fiscal and monetary stimulus. Analysts point out that 24 hours after Pfizer news reshaped the market, gold is trying to find a balance. Gold prices are expected to continue to rise, but this will take longer. The fundamentals of gold are still quite favorable. Stimulus measures are likely to be introduced, and after the introduction of the vaccine, there will be reflation.
In terms of data, China's annual CPI rate in October, the previous value of 1.70%, is expected to be 0.80%, and 0.5% is announced.
Dong Lijuan, senior statistician of the City Department of the National Bureau of Statistics, interpreted the October 2020 CPI and PPI data: CPI dropped slightly from the previous month, and the year-on-year increase continued to decline, while PPI rose to flat, with the same year-on-year decline as the previous month.
The euro zone's ZEW economic climate index for November, with a previous value of 52.3, is expected to release 32.8. Germany's November ZEW economic climate index, a previous value of 56.1, is expected to be 41.7, released 39.
ZEW:, a German think-tank, worries that the German economy could slip back into recession. Financial experts are worried about the economic impact of the second wave of the epidemic and its consequences. According to experts, neither the Brexit negotiations nor the results of the US presidential election have had an impact on Germany's economic expectations. The economic climate index fell sharply again in November, suggesting that the German economic recovery is slowing.
The United States in September JOLTs job vacancy (10,000), the previous value of 649.3, expected 650, announced 643.6, revised 635.2 (previous value).
