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With the rapid development of the epidemic abroad, crude oil has fallen sharply, risk aversion has heated up, short-term panic has been released, and the overall Shanghai copper continues to operate
weakly under pressure.
Overnight, London copper retreated to close at $5453.
5, up 0.
34%.
This morning, the Federal Reserve suddenly cut interest rates to zero interest rates, short-term market panic heated up again, it is worth noting that the current real economic damage caused by the epidemic will not change significantly due to strong monetary policy, copper prices are expected to bottom out within the day, or there will be a small disk fluctuation rebound
.
China's current round of epidemic peak has basically passed, enterprises are expected to resume work and production is expected to accelerate, with the help of policies, downstream demand is expected to usher in improvement
.
However, the epidemic has intensified overseas, and although countries have taken measures to hedge against the negative impact of the epidemic on the economy, the rapid spread of the epidemic in many countries has exacerbated investor panic and set off waves in global financial markets
.
Overall, the epidemic may continue to stir the market in the short term, putting some downward pressure
on copper prices.
