 |
| |
| Macro Roundup (May 17) |
| 2023-5-17 |
This is a roundup of global macroeconomic news last night and what is expected today.
The U.S. dollar rose on Tuesday after data showed retail sales in April were lower than expected but suggested a firm underlying trend, with investors remaining skittish about the debt ceiling issue.
Against the yen, the greenback rose 0.13% to 136.29 yen.
U.S. President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy will meet later on Tuesday to try to iron out a deal to raise the debt ceiling, with a little more than two weeks to go before the U.S. government could run short of money to pay its bills.
In line with the generally upbeat economic picture, industrial production jumped 1% in April, easily topping expectations for a flat reading and up slightly from the revised 0.8% increase in March.
The reports suggested that while the market widely expects the Federal Reserve to pause increasing rates at the next meeting, a hike in borrowing costs was not off the table.
U.S. stock futures are modestly higher Tuesday night as investors awaited news of developments in the negotiations between congressional leaders and President Joe Biden on the U.S. debt ceiling.
Futures tied to the Dow Jones Industrial Average added 25 points, or 0.1%. S&P 500 futures and Nasdaq-100 futures each gained 0.1%.
Concerns over the potential of default weighed on investors in Tuesday¡¯s regular session. The Dow led the major indexes down with a 1% drop, followed by the S&P 500 and Nasdaq Composite with respective losses of about 0.6% and 0.2%.
Treasury Secretary Janet Yellen reiterated her warning that the government needs to raise the limit immediately as the country faces the possibility of defaulting as early as June 1.
Oil futures edged lower on Tuesday as weaker-than-expected economic data in China offset a forecast of higher global demand from the International Energy Agency (IEA).
Brent crude futures settled 32 cents lower to $74.91 a barrel. U.S. West Texas Intermediate crude edged down 25 cents to $70.86.
Gold fell below $2,000 on Tuesday after U.S. economic data and hawkish remarks from Federal Reserve officials drove bets that interest rate cuts may be delayed, while traders kept an eye on the U.S. debt-ceiling talks.
Spot gold was down 1.47% at $1990.89 per ounce, while U.S. gold futures fell 1.38% to $1,994.70.
European stock markets closed lower Tuesday as traders reacted to fresh data, corporate news and followed the U.S. debt ceiling negotiations.
The pan-European Stoxx 600 index closed down 0.42% with most major bourses and sectors trading in negative territory, although tech stocks climbed 0.86%. |
| |
| WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free! |
|
| |
|
|
|
2024-11-18
|
Item |
SHFE |
Change |
Cu |
130465 |
-9197 |
Al |
233681 |
-35713 |
Zn |
90661 |
+17996 |
Item |
LME |
Change |
Cu |
271525 |
-350 |
Al |
716425 |
-2525 |
Zn |
259500 |
+11050 |
Ni |
159156 |
+4722 |
|
 |
 |
 |
2023-5-15 |
|
| |
1 USD= |
6.7021 |
Inverse: |
0.14921 |
|
1 EUR= |
7.8800 |
Inverse: |
0.12690 |
|
1 GBP= |
8.6373 |
Inverse: |
0.11578 |
|
1 AUD= |
5.2589 |
Inverse: |
0.19015 |
|
|
|
 |
|
|
|
|
|
