Financial Information MEDIA REPORT

Date:2014-12-19 9:45:14

Crude plunged dollar rose LME metals fall

 Crude plunged  dollar rose  LME metals fall

 

 

        Crude oil fell overnight, the dollar rose, LME metals fall all over again, where tin and lead the largest decrease, respectively 2.23%, 1.49%, from a technical perspective, LME metals are below the average for all the support, and the average arrangement bearish.

 

         New York crude oil fell 2.8 percent, to close at $ 54.89 / barrel, weighed on the metal. But around 18:40, soaring crude oil was 3.9%, also contributed to the metal spikes, but soon fell concussion. Dollar also rose to an intraday high pressure to the metal.

 

         Shanghai Stock night disc differentiation, 1503 contract was up 0.18 percent copper, aluminum, lead, zinc fell, the largest decrease in lead up to 2.54%.

 

         Overnight mixed US data, the dollar rose 0.21 percent still recorded, the highest intraday touched 89.399.

 

         After the United States last week, seasonally adjusted initial jobless claims were better than expected, but in December the Philadelphia Fed manufacturing index fell to 24.5 points, 26.0 less than expected, the former value of 40.8. Where the employment sub-index for the four-month low. Taking into account the contradiction between November nonfarm and LMCI, the above data reflect the US labor market is modest, although optimistic about recovery, but growth in employment in the wage component of doubts.

 

        Event aspects. Russian President Vladimir Putin at 17:00 on the 18th annual 2014 conference held a large reporters. He said that from January to October 0.6-0.7% GDP growth in Russia, 2014 full-year growth of 0.6%, the current unemployment rate declined. After the central bank to take measures, the ruble decline has improved, if the situation does not improve, will take further spending cuts and other measures to stabilize the economy. Putin's speech failed to stabilize the ruble, the overnight devaluation of the ruble exchange rate is still over 1%.

 

         Data on. German business confidence rose consecutive month, suggesting that Europe's largest economy in the third quarter after trying to avoid a recession, the economy started to recover in the fourth quarter. Data show that in December the German IFO business climate index rose slightly to 105.5 from 104.7 in November, its highest level since August.