Decline In Lme Copper And Zinc Recovered By U.s. Employment Data Positive Incentives - Copper, The

HC HVAC & R Network 1, driven by positive economic data

, on the 5th U.S. stocks closed sharply higher. U.S. February jobs data better than expected unemployment rate in January was flat, enhanced investor confidence in U.S. economic growth prospects.

2 non-farm payrolls report. Report that February nonfarm payrolls decreased by 36,000. Economists on average expect nonfarm payrolls in February will be reduced by 75,000. Amended in January payrolls number is reduced, 26000. The United States in February's unemployment rate was 9.7%, and in January the unemployment rate unchanged. Economists had expected the storm hit the U.S. East Coast last month, after the number of unemployed will increase, the U.S. unemployment rate rose to 9.8% from 9.7%.

Greek Parliament approved a total of 4.8 billion euros (65.2 billion) budget cuts, a move seen as the European Union will provide assistance to the premise of Greece. Greece, by the current cost of 5 billion euros higher than in Germany, 750 million euros.

Japan's "Economic News" reported that the Bank of Japan may take further monetary easing, the news also attracted market attention. Promotion by the news, Friday the Nikkei 225 index rose more than 2%, the dollar strengthened against the yen.

2, supported by the U.S. stock market sharply higher, LME copper and zinc recovered bullets before the strong decline. The significant increase in copper positions that money into pushing up the price of copper, copper positions continuous increase in recent days prompted the final price that is still the strong impact of copper prices in the capital. Zinc down position, also significantly Masukura before, a testament to our zinc price before the judge could be stronger than copper.

3, LME copper inventories fell 1,075 tons, Asian stocks fell 500 tons, 350 tons of zinc inventories decline. Copper canceled warrants jumped to 31,000 tons, suggesting that future stocks will likely continue to flow. Recent stock appears positive relationship with the copper, so the future if the actual cancellation of warehouse receipts into the inventory decline is likely to pressure copper prices fell. Domestic copper and zinc stocks fell slightly Friday, little impact on domestic copper prices.

4, CFTC funds position was little changed, but still maintained a 1.5 more than the net position.

5, Jiangxi Copper said the goal this year, 900,000 tons of refined copper output.

6, next week, Communicate Prices in Dubai will be the macro level the total debt is expected to be fried again to enlarge the market for profit dollars hit commodities, Zhou Xiaochuan, the People's Congress, stressed a high degree of concern about inflation expectations, central bank may further tighten money supply in the sign.

According to the latest IMF report on UAE economy, the emirate of Dubai and its main holding company's debt totaled 109 billion U.S. dollars, equivalent to Dubai GDP 130%. The forecast exceeds the previous expectations of 85 billion U.S. dollars debt. The forecast said the Dubai this year to pay 15.5 billion in debt in 2011 was 24.4 billion U.S. dollars, 2014 was 25.1 billion U.S. dollars. However, experts believe, as the predicted failure to complete the remainder of the inter-bank lending and real estate project cost, Dubai is still possible to go beyond the actual debt IMF forecast. Bank of China Governor Zhou Xiaochuan

monetary policy in answer to a question about that, this year we still be a moderately easy monetary policy. But at the same time we have a high degree of concern about inflation and other economic indicators change, to manage inflationary expectations. Therefore, we must continue to maintain steady and rapid economic development and at the same time to prevent inflation trade-off between the two.

Copper and zinc markets have announced around a month on the 10th unwrought copper imports and exports data.

6, technically, return to the 60-day MA above the long-term change more than a single, short-term attention to the emergence of the double top head, once the case is likely to decline.

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