This week will see release of July manufacturing PMIs from major economies, US non-farm employment data, as well as policy meeting of the Bank of England (BOE).

[www.ferro-alloys.com] The nickel price stiil rise this week. The first transaction in Asian LME nickel market started with $ 10540/T on Thursday, then LME nickel prices vibrate upward until stay a stable momentum at the noon；it vibrate above the $10600/T

[www.ferro-alloys.com]The first transaction in Asian LME nickel market started with $10070/T yesterday, with that LME nickel prices stand on the gate of a thousand dollars, running and vibrating around the daily line.

US non-farm employment data in June will be released today. Base metals, crude oil and precious metals closed with losses overnight, meaning mounting short momentum. Base metals may extend losses today.

Base metal market should continue diverging trend on Wednesday with eyes on US API and EIA reports and US annualized PCE core price index.

Market will eye Germany June IFO index and University of Michigan’s consumer confidence index today. Result of UK referendum, due for release in the afternoon, will come under the spotlight.

Manufacturing PMIs from western economies for May will come under the spotlight this week. “Black swan” events may occur, including semiannual financial report by US Fed head Janet Yellen and referendum on UK exit from the EU, which will intensify risk avers...

Manufacturing PMIs from western economies for May will come under the spotlight this week. “Black swan” events may occur, including semiannual financial report by US Fed head Janet Yellen and referendum on UK exit from the EU, which will intensify risk avers...