By Reuters Staff
May 24 - A look at the day ahead from Danilo Masoni.
Taper talk is not going away and nor is Bitcoin volatility. But the global economy continues to steam on and COVID-19 infections are dropping, seemingly having peaked even in India.
So as the last full week of May kicks off, markets don’t look eager to move beyond well-trodden trading paths, perhaps reflecting investors’ wariness but also holidays in many parts of Europe.
Stock futures in Europe are up and Wall Street too looks set to hold ground after Friday’s a mixed show. The dollar is languishing just off three-month lows and, at 1.62%, 10-year U.S. yields are at the midpoint of their 11-week range bond investors may keep powder dry ahead of a series of Treasury auctions and Friday’s U.S. core PCE inflation reading.
Işık Mühendislik, en büyük çelikhane vincini üretecek
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Erzeugerpreise April 2021: +5,2 % gegenüber April 2020
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By Reuters Staff
2 Min Read
BEIJING, May 19 (Reuters) - Chinese hot rolled coils and rebar futures fell more than 4% on Wednesday as concerns over steel output cuts eased and construction activities are expected to slow in the coming rainy season.
The most-traded hot rolled coils on the Shanghai Futures Exchange, used in the manufacturing sector, dropped 4.7% to 5,706 yuan ($887.73) a tonne by 0330 GMT, the lowest since April 30.
Construction-used steel rebar, for October delivery, declined 4.4% to 5,376 yuan a tonne.
“While there is no further policy on curtailing (steel) production, trading has shifted from expectations to reality,” GF Futures wrote in a note.
İddialı girişimcilik: Özlem Bulut!
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