2022-03-24-建设银行-商品市场每日快讯_2页_287kb

Summary of Commodity Market Review by China Construction Bank (2022 March 24)

Global financial markets exhibited declines in many areas on March 24, 2022, as reflected in changed yields across various treasuries, reduced dollar index, and volatile movements in currencies, gold, silver, and commodities like oil and metals. Key highlights include:

• Key Market Data:

  • Treasury yields fell significantly (e.g., 30-year yield down by -11.69 BP).
  • Currencies: EUR/USD decreased by -0.24%, USD/CNY rose by 0.22%.
  • Precious metals: Gold up 1.15%, silver up 1.37%, but domestic silver fell -1.40%.
  • Commodities: Brent crude jumped 6.07%, copper up 1.41%, zinc surged 6.41%, while iron ore and coal showed mixed results.

• Notable Events:

  • China released a hydrogen energy plan aiming for 50,000 fuel cell vehicles by 2035, with emissions reductions.
  • Ukraine warned of spring sowing reductions cutting potential to half, risking global food shortages.
  • UK inflation reached a 30-year high at 6.2%, impacting energy and food costs.

• Commodity Index Performance: The China Construction Bank Commodity Index increased 1.05% in March 23, driven by gains in black metals and industrial metals, while silver declined.