The EU summit at the weekend introduced a package of measures to resolve the debt crisis, causing the international commodity market to soar. The domestic manufacturing PMI continued to weaken in June, which may increase the market's concerns about economic growth. In the next week, the European and American markets will also release key indicators such as unemployment rate and PMI. At the same time, most parts of the country will enter the hot weather period. The domestic commodity spot will continue to withstand the test of multiple factors.
Last week, the overall macroeconomic environment at home and abroad was weak, the economic data in Europe and the United States was weak, and the market was not optimistic about the debt crisis in Europe. As a result, international commodities fluctuate and fluctuate in most of the time, and the EU summit, which is generally unpopular in the market, introduced a package. Measures, including ESM's direct injection into the problem banks, invested 120 billion euros to promote growth and employment, which has caused European and American stock markets and commodities to soar. However, after the market has calmed down, it may be possible to give a more objective assessment of the measures of the EU summit. After all, the real problem of the debt crisis, that is, increasing revenue and reducing expenditure, has not been resolved. On the domestic front, the overall situation is still bearish. Rumors concerning the relaxation of real estate regulation have been denied by various ministries, and local loosening measures have been halted. The manufacturing PMI released on the weekend in June also showed that the economic weakness has not changed, and the manufacturing pressure on short-term destocking remains large. For the domestic commodity spot market, the macro bearishness further increased the market's worries and hit market expectations. In the rainy weather and financial pressure at the end of the month, commodity spot prices generally weakened last week.
Last week, the overall macroeconomic environment at home and abroad was weak, the economic data in Europe and the United States was weak, and the market was not optimistic about the debt crisis in Europe. As a result, international commodities fluctuate and fluctuate in most of the time, and the EU summit, which is generally unpopular in the market, introduced a package. Measures, including ESM's direct injection into the problem banks, invested 120 billion euros to promote growth and employment, which has caused European and American stock markets and commodities to soar. However, after the market has calmed down, it may be possible to give a more objective assessment of the measures of the EU summit. After all, the real problem of the debt crisis, that is, increasing revenue and reducing expenditure, has not been resolved. On the domestic front, the overall situation is still bearish. Rumors concerning the relaxation of real estate regulation have been denied by various ministries, and local loosening measures have been halted. The manufacturing PMI released on the weekend in June also showed that the economic weakness has not changed, and the manufacturing pressure on short-term destocking remains large. For the domestic commodity spot market, the macro bearishness further increased the market's worries and hit market expectations. In the rainy weather and financial pressure at the end of the month, commodity spot prices generally weakened last week.
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