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The overnight American beige book report, fed under the 12 area economy in slow growth of signs, and many manufacturing activity is weaker evidence, the market of the future demand for metals fear, partly suppressed period nickel increases the kinetic energy, however, the United States in July data show a house signed sales index rose to the highest in more than two years, data showed the United States real estate appear obvious improvement, good news to restore market sentiment. Market market waiting for Bernanke at the weekend fed annual meeting speech, the overall performance of the market cautiously, sustaining a concussion, nickel. As of the close, the LME three months period nickel Asian markets closed up $9 to $16299 / ton.
Today the market and forecast:
Today the Asian electron plate LME nickel opened in 16251 dollars / ton, compared with the previous trading day down 48 dollars / ton. The current American economic data released mixed, makes the metal market period nickel trend slightly lacking direction, intraday price or will continue to maintain the trend of shock. And investors in the U.S. Federal Reserve Chairman Bernanke of Wyoming in Jackson Holzer ‘s annual meeting before addressing the cautious attitude, not a nickel guidelines clear direction.
Overnight outside Lun nickel sustaining a concussion, make this spot nickel price lack of direction, however, London yesterday nickel stocks increased substantially, or will suppress the spot nickel prices rising momentum, feeding on spot nickel price or down to rest.
The latest market focus:
1, fed beige book report released Wednesday, July and 8 early American economy continues to ” gradually ” expansion of housing and retail sector, mainly due to improved performance, thereby helping to overcome the weakness in manufacturing sector.
In July 2, the United States NAR seasonally adjusted pending home sales index rose 2.4%, to 101.7, is expected to rise 1%, the highest since April July data for 2010. Pending home sales index rose to the highest in more than two years, the housing market is the latest sign of improving.
In 3, the Greek government SLD officials Fotis Kouvelis Wednesday ( August 29th), the Greek government leaders have not yet future two years of austerity plans to reach a consensus.