SMM11 March 12: yesterday, the outer disk metal market rose and fell, Lunni rose 0.6%, Runnick rose 0.31%, Lunzn lead rose 0.08%, Lunxi fell 0.36%, Lunzn Zinc fell 0.94%, Lun Copper fell 1.09%, and Lunzhong fell on Wednesday, as optimism about vaccines to help end the novel coronavirus crisis receded, concerns about economic growth and demand resurfaced, while the dollar strengthened negative sentiment. In the domestic market, Shanghai Aluminum is up 1.1%, Shanghai Nickel is up 0.34%, Shanghai Copper is up 0.12%, Shanghai Tin is down 0.03%, Shanghai lead is down 0.55%, and Shanghai Zinc is down 1.43%.
The dollar index rose 0.28% to 93.00, up 0.5% earlier on concerns that another sharp increase in global novel coronavirus cases could hit economic growth. The euro and sterling continued their losses as investors continued to unwind long positions amid concerns about the epidemic and Brexit. The New Zealand dollar led the rise in Gmur10 to its highest level in a year and a half as traders reduced their bets that the Reserve Bank of New Zealand would turn negative interest rates, with sterling and krona falling the most.
U. S. stocks closed mixed on Wednesday, while the Dow closed slightly lower. Technology stocks, which have been falling in recent days, rebounded, pushing the Nasdaq up more than 230 points, or 2%. Goldman Sachs and gen Chase raised their forecasts for the S & P 500. The Dow closed down 23.29 points, or 0.08%, at 29397.63; the Nasdaq was up 232.58 points, or 2.01%, at 11786.43; and the S & P 500 was up 27.13 points, or 0.77%, at 3572.66.
In crude oil, oil prices rose on Wednesday, with Brent crude futures hitting a more than two-month high above $45 a barrel on hopes that novel coronavirus vaccine might boost demand, but then fell back as concerns about increased cases outweighed the good news. Analysts point out that the record number of new cases is enough to bring everyone back to reality. Transport as a whole is also heavily affected by the pandemic, and demand for these fuels will pick up after the pandemic, which is exactly what the oil industry needs.
In precious metals, COMEX gold futures closed lower on Wednesday on the strength of the dollar, while optimism about the potential novel coronavirus vaccine to enhance hopes of a rapid economic rebound prompted investors to turn to riskier assets. Market participants believe that there are two factors that are disadvantageous to gold, one is a strong stock market, and the other is a strong dollar. Given that both markets are rising, it is hard for gold to continue to rise. After last week's US election, investors turned to safe precious metals, but that no longer exists, driven by news of the du vaccine for the new crown disease.
In terms of data, China's M2 money supply annual rate in October, the previous value of 10.90%, is expected to be 10.90%, announced 10.5%.
The people's Bank of China: at the end of October, the balance of broad money (M2) was 214.97 trillion yuan, up 10.5 percent from the same period last year, the growth rate was 0.4 percentage points lower than at the end of last month and 2.1 percentage points higher than the same period last year; the balance of narrow money (M1) was 60.92 trillion yuan, up 9.1 percent from the same period last year, and the growth rate was 1 and 5.8 percentage points higher than at the end of last month and the same period last year respectively. The balance of currency in circulation (M0) was 8.1 trillion yuan, an increase of 10.4% over the same period last year. The net cash withdrawal in that month was 133.4 billion yuan.
