2021-09-02-建设银行-商品市场每日快讯_2页_693kb

Summary of Commodity Market Daily Quick, September 2, 2021

• Market Overview: On September 2, 2021, global markets showed mixed performances. The U.S. dollar index declined 0.16% to 92.50, while the yuan/USD pair remained stable, and EUR/USD rose 0.26%. Gold prices fell slightly, and Brent crude and copper experienced significant declines. Domestic Chinese commodity indices, such as the CCB Commodity Index and relevant futures, indicated varied sector movements, with aluminum and iron ore leading losses. Spot market interest rates, including U.S. Treasury yields, saw decreases, reflecting short-term adjustments.

• Key Events: Notable news included China's decision to add 3000 billion yuan in small business support loans to aid economic recovery. This was complemented by the U.S. ISM manufacturing PMI exceeding expectations, while weak ADP employment data suggested cautious market sentiment ahead of Friday's nonfarm payroll report.

• Commodity Analysis: The CCB Commodity Index for September 1, 2021, climbed 0.03%, with black metals like iron ore and steel dropping due to continued industrial weakness. Agricultural sectors, such as palm oil, and precious metals, including silver, saw declines. Industrial metals like copper and aluminum also faced downward pressure, indicating subdued demand in certain regions.