Pupil intertwined metal differentiation trend

Yesterday, the central economic work conference, proposed five tasks for economic work in 2015, which would "strive to maintain steady economic growth" in the first row. Show next year's economic work will focus more on structural adjustment and steady growth combine to prevent large fluctuations in the economy. It was also suggested that "efforts must be proactive fiscal policy, monetary policy should pay more attention to an appropriate degree." Here, "there is strength" and "appropriately tight" is a new formulation of the year. Means that next year's deficit could further increase the rate may exceed the 2.5% level, the market is expected next year will be more relaxed monetary policy than the year.

In the US, initial jobless claims last week, 29.4 million, better than market expectations. Initial jobless claims continued to remain low, the market expected the Fed to raise interest rates may be ahead. US Commerce Department data showed November retail sales increase of 0.7%, a record high of eight months, far exceeding expectations. Increased wage increases, oil prices plunged, all contributed to US consumers in holiday spending. The data boosted by US stocks opened rose, the US investment bank raised its fourth-quarter GDP expected economic data in the US, driven by market sentiment slightly warmer.

Euro zone, Germany in November consumer price index rate of 0.6%, the German inflation remained at a low level. Eurozone December TLTRO application amount € 129.84 billion, significantly less than the market expected, after the announcement, the euro lower. Eurozone inflation rate expected to remain at a low level, the ECB is widely expected to launch the European version will accelerate the pace of QE.

Neighboring markets, the dollar index rose 0.45 percent; euro fell 0.45%; US stocks rose, European stocks were mixed. LME base metals were mixed.

In summary, the market long and short messages intertwined, the Shanghai Stock Exchange today, the metal material differentiation trend.