Review: copper copper or waiting for data to guide China limited
today's copper price analysis and forecast:
in the international market on Thursday, U. S. companies retail earnings and economic data driven investor risk appetite, the three major U. S. stock indexes ended his hit a record high, oil prices rose more than 4%; Evening copper concussion higher, closed up $26 to $4848, or 0. 54%; Volume 8853, position 352217 hand cut 3571 hands.
the London metal exchange on August 11, according to data released copper inventories to reduce 900 metric tons to 203925 tons. Cancel the LME copper warehouse inventory ratio of 26. 95%.
2. Domestic market
1608 contracts opened today Shanghai copper current month 37400 yuan, up to 40 yuan, 'Shanghai copper 1608 contract price of 37410 yuan, up to 50 yuan. Today announced the Chinese industrial output in July, total retail sales of social consumer goods, such as data, the market will find the clues for the China demand picks up, the data from market sentiment, in Shanghai is expected to consolidate market temporarily, spot copper or steady today.
hot financial information
1. The United States on August 6, when the jobless claims although slightly higher than the expected value, but it is less than 300000, 75 consecutive weeks continuous time and the longest since 1973, suggests that the Labour market is still very strong in early August, may stimulate the economic growth is picking up.
2. Focus on today: 1 - China July at an annual rate of investment in fixed assets in cities and towns. In July China retail sales rate. German consumer price index in July at an annual rate of final value. Germany in the second quarter GDP at an annual rate of initial value. The euro zone second quarter GDP at an annual rate of allocation. In July retail sales month rate. The university of Michigan consumer sentiment in August. Rate of June U. S. business inventories.