September 1 copper market noon review

The U.
S.
Chamber of Commerce consumer confidence index slipped to 113.
9 in August, the lowest level
since February.
Consumer inflation expectations for the coming year surged to 6.
8 percent from 6.
6 percent last month, the highest since
2008.
France's final GDP for the second quarter recorded a record high of 18.
7
% annualized.
Germany's unemployment rate recorded 5.
5% after the quarterly adjustment in August, continuing to hit a new low
since March last year.
Overnight, European economic data exceeded expectations, US economic data fell less than expected, the dollar fell, the euro yuan rose, and non-ferrous metals fluctuated slightly lower
.
Watch for US non-farm payrolls data
on Friday.

Overnight, London copper bottomed out to close Xiaoyang, opening slightly lower at $9718 today
.
Shanghai copper opened slightly higher in the night session, bottomed out and rebounded at the 5-day moving average to stabilize and close slightly negative, closing at 70110
.
Shanghai copper trading positions fell slightly, and market sentiment was biased towards
neutrality.
Copper prices rebounded in the short term, and the technical form was slightly optimistic, but the macro uncertainty in the future market was high, and the technical form of Shanghai copper was general, which may enter the range-bound market
.
Shanghai copper upper pressure 72000, lower support 65000
.
Today's international copper premium fell slightly to 460 points, and the external market was slightly stronger than the internal market
.