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May 5 London Copper afternoon review

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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London copper afternoon commentary: the US dollar fell heavily and the stock market rose, and London copper closed up 0.
59% overnight; The Fed raised interest rates as promised but the hawkish spirit was insufficient, the epidemic situation in Shanghai continued to improve, logistics and transportation gradually recovered, and copper is expected to remain stable today
.

London copper

The dollar tumbled and the stock market rose, so the former Powell downplayed the prospect of a 75 basis point rate hike, easing the market's expectations of a sharp interest rate hike by the Fed weakened, and the copper rebounded overnight, the latest closing quotation of $9510 / ton, closing up $56, or 0.
59%, the volume of 11585 lots decreased by 7377 lots, and the position 255331 lots decreased by 1659 lots
.
On Wednesday (May Day holiday) evening, the Shanghai Futures Exchange does not conduct night trading, and there is no data update
.

The London Metal Exchange (LME) reported 154475 metric tons of London copper on May 4, down 1,750 metric tons, or 1.
12%,
from the previous session.

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