International News: The Federal Reserve interest rate hike in December seems to be slightly out of economic data expectation. Overnight October US Conferenc Board consumer confidence index fell sharply to nearly three months lowest. Fed officials continue to release hawkish signals and the dollar are still rising. After the British Central Bank Carney made a speech, the pound is unstable. The United States in August housing market recovery was accelerated and the national house price index hits a new record. The European Central Bank governor said before to reach the inflation target will maintain the "ultra-loose" policy.
International: Affected by Brexit, UK economy has suffered a lot and the UK pound also continues depreciation. US oil hits a lowest record on Monday and Saudi Arabia announced that the main factor is production reduction. Global ultra-loose monetary policy era will end and the United States has been walking in the forefront to raise interest rates.
International News: the Bank of China openmarket has restarted the 28-day reverse repurchase operations and the successful rate has cut 5 basis points to 2.55%. August the main economic indicators were all recovery and the companies were all stable, which improves the investment confidence, the annual GDP approaching 7%. Recently, first-tier cities and second-tier cities housing prices soaring, real estate investment is hot, but it has high risks.
International: Federal Reserve Chairman Yellen gave affirmative evaluations on US economic performance and he thought three times rate hike is appropriate. The Euro Zone economy is recovering and they may reduce the purchasing of bond. The oil price has risen markedly and the reasons include US dollar continued to devalue and production reduction of Saudi Arabia, Russia and other oil major exporter.
International News: the United States last week jobless claims were lower than expected and the labor market is still strong. July New York, Philadelphia Fed manufacturing index is successive weakening and US dollar hit a new low intraday. ECB will reduce the rate in the short term and quantitative easing policy will continue until to achieve inflation and sustainable adjustment.
Molybdenum market: Molybdenum raw material price is stable. Ferro molybdenum and molybdenum bar price is going up with small range. The whole molybdenum market has good performance.
International News: the British exit from the euro to accelerate RMB devaluation and metal market also suffer violent impact; sharp depreciation of pound sterling, the Bank of England may expand scale to buy the debt; ECB central bank forum may trigger currency instability.
International: Federal Reserve Chairman Yellen released hawkish speech indicated the US job market has reached the strongest level in nearly a decade. The Euro Zone in November CPI initial annual rate hits 2 years high point, which is in line with expectations and better than the previous value. The yen is weakness and the stock market has risen. It is expected the Bank of Japan may do anything.
Macro Information: China: the proactive fiscal policy is effective, so new policy is expected to launch; from January to April state-owned enterprises revenue and profits continue to decline, but narrowed 1.3 and 5.4 percentage points; coal, steel and other industries continue to lose.