SMM6 March 15: last Friday, most of the metals in the outer disk were red, Lunxi, Lunxi and lead rose nearly 1%, Lunni rose nearly 0.8%, Lunzn zinc rose nearly 1.7%, and Lun aluminum fell nearly 0.6%. On the domestic side, the metal market was red across the board last Friday, with international copper up nearly 0.3%, Shanghai copper up nearly 0.4%, Shanghai aluminum up nearly 3.7%, Shanghai lead up nearly 0.2%, Shanghai zinc up nearly 1.2%, and Shanghai nickel up nearly 2.4%, according to the domestic side, the overall metal market was up nearly 0.3%, Shanghai copper rose nearly 0.4%, Shanghai aluminum rose nearly 3.7%, Shanghai lead rose nearly 0.2%, Shanghai zinc rose nearly 1.2%, and Shanghai nickel rose nearly 2.4%. Shanghai tin rose nearly 2.3%.
The dollar rose, the weekly line posted its biggest gain since early May, as corporate positions adjusted in the middle of the month and a series of large options expired also boosted the index's performance. The euro fell 0.51 to 1.2108 against the dollar, which is set to record its biggest weekly decline since the end of April.
On the u. S. stock market, on Friday, the Dow rose 0.04% to 34479.60, down 0.8% a week. The Nasdaq rose 0.35% to 14069.42, or 1.85% a week. The s & p 500 rose 0.19% to 4247.44, or 0.41% a week. The Fed will release its interest rate decision in the early hours of Thursday. The tightening measures are not expected to be announced this time, but investors will be watching closely to see if the Fed is preparing for monetary tightening. Economists expect the Fed to raise interest rates in 2023, with a hint of contraction in August or September this year.
In terms of crude oil, Meibu crude oil is both floating red, and the (IEA) of the International Energy Agency warned that the market will need additional supply next year. The OPEC and its allies will need to increase production to keep the market well supplied, the IEA said, although it predicts that demand will not return to pre-outbreak levels until the end of 2022.
In precious metals, gold fell, giving up gains after the US inflation report, as US bond yields rebounded from nearly three-month lows and the dollar strengthened.
In terms of data, the preliminary consumer confidence index of the University of Michigan in June, the previous value of 82.9, expected 84, announced 86.4.
Richard Curtin:, chief economist of consumer research at the university of Michigan, American consumer confidence rebounded in early June, recovering 2/3 of the loss in may last year. The increase in consumer confidence in early June mainly came from middle-and high-income families and future economic prospects, rather than the current situation.
The total number of oil drilling in the United States in the week to June 11, with a previous value of 359, is expected to be 363, announced 365.
