The list of the 16th lead and Zinc Summit has been newly released.
SMM4 March 30: yesterday, metal on the outer disk rose and fell. Lun Copper rose 0.05%, Lun Aluminum rose 0.56%, Lun Pb rose 0.86%, Lunzn Zinc fell 0.48%, Lunni fell 0.6%, Lunxi fell 0.32%, Lunxi Copper managed to recover on Thursday, and fell back after briefly rising above the $10000 mark in intraday trading. The main pressure came from speculators locking in profits under concerns about industrial demand. The last time copper prices broke through $10000 was a decade ago. The Federal Reserve (Federal Reserve / FED) said on Wednesday that it was too early to consider withdrawing emergency epidemic support, boosting copper and other financial markets. Domestically, international copper is down 0.5%, Shanghai copper is down 0.58%, Shanghai Aluminum is up 0.69%, Shanghai lead is up 0.07%, Shanghai zinc is down 1.55%, Shanghai nickel is down 0.61%, and Shanghai tin is up 0.22%.
The dollar index rebounded from a nine-week low on Thursday, boosted by a rise in U.S. Treasury yields after the government reported strong economic growth in the first quarter and a decline in initial jobless claims last week. The yield on the benchmark 10-year Treasury note rose 2 basis points to 1.639% on Thursday, boosted by an upbeat economic report. New claims for unemployment benefits fell by a seasonally adjusted 13000 to 553000 in the week ended April 24, according to a separate report released on Thursday.
U. S. stocks closed higher on Thursday, with the S & P 500 hitting an intraday and closing record high. Strong results from technology giants Apple and Facebook boosted market confidence. Investors are evaluating Biden's congressional speech on infrastructure and taxes. Economic data show that the US economy continues to recover. The Dow rose 239.98 points, or 0.71%, to 34060.36; the Nasdaq rose 31.52 points, or 0.22%, to 14082.55; and the S & P 500 rose 28.29 points, or 0.68%, to 4211.47.
Crude oil futures closed higher on Thursday as strong US economic data, a weak dollar and expectations of a recovery in demand outweighed fears of an increase in COVID-19 cases in Brazil and India. The dollar index hovered near a nine-week low, hammered by the dovish outlook of the Federal Reserve and President Joe Biden's bold spending plan.
In precious metals, COMEX gold futures fell on Thursday, while US Treasury yields were boosted by optimistic US economic data, while supply shortages pushed palladium to record highs that will hit the $3000 an ounce mark. Analysts point out that rising bond yields and optimistic risk appetite are hitting safe-haven gold.
In terms of data, the number of unemployed after the quarterly adjustment in Germany in April (10,000), previous value-0.8, expected-1, published 0.9, revised-0.6 (previous value). Germany's unemployment rate after quarterly adjustment in April, with a previous value of 6.00% and an expected 6%, announced 6%.
Euro zone industrial sentiment index for April, previous value 2, expected 4, released 10.7, revised 2.1 (previous value). Euro zone economic sentiment index for April, previous value 101, forecast 102.2, released 110.3, revised 100.9 (previous value). The index of industrial sentiment in the euro zone hit a record high of 10.7 in April.
The final value of the euro zone consumer confidence index for April, previous value-8.1, expected-8.1, released-8.1.
Germany April CPI monthly rate initial value, the previous value of 0.50%, expected 0.5%, announced 0.7%.
The number of initial jobless claims in the United States (10,000) in the week to April 24, with a previous value of 54.7, expected to be 54.9, published 55.3, revised 56.6 (previous value).
The initial value of the actual annualized quarterly rate of GDP in the United States in the first quarter, with a previous value of 4.30%, is expected to be 6.1%, and 6.4% is announced. The initial quarterly rate of actual personal consumption expenditure in the United States in the first quarter, the previous value of 2.3%, is expected to be 10.5%, and 10.7% is announced. Real personal consumption expenditure in the United States recorded an initial quarterly rate of 10.7% in the first quarter, the highest since the third quarter of last year.
CNBC comments on the initial annualized rate of real GDP in the United States in the first quarter: economic activity in the United States has boomed since this year, as widespread vaccination and government spending have helped the United States almost return to the economic level it was before the outbreak. Us GDP grew by 6.4% in the first quarter, the second fastest rate of GDP growth since the third quarter of 2003, and the economy reopened and hit its best in the third quarter of last year.
CNBC comments on initial jobless claims in the United States: last week, 553000 Americans applied for unemployment benefits for the first time. This is another low since the outbreak, but higher than the agency's estimate of 528000 people. The recovery of the job market continues to be powered by monetary policy.
Forexlive comments on the initial annualized rate of real GDP in the first quarter: the latest data reflect that economic fundamentals are even stronger than the overall situation. Trade and inventories were a big drag in the quarter, but consumer spending and investment bode well. The market's response to the data was mild.
The monthly rate of signed sales index of existing homes in the United States in March, previous value-10.60%, expected 5%, announced 1.9%, revised-11.5% (previous value).
