What's going on?

PPI is not higher than expected.SiteslikemegawayscasinoHas it happened yet? why is the Shanghai Bank still up?

On Wednesday, 2408 of the main contract of the Shanghai Bank recorded 7380 points, an increase of 0%.Siteslikemegawayscasino.64%.

From the perspective of market conditions, the overnight US PPI data hit the ground, and PPI recorded 0 in April compared with the previous month.Siteslikemegawayscasino.5%, greatly exceeding the expected value of 0.3%, and the core PPI recorded 0.5% month-on-month, greatly exceeding the expected value of 0.2%. It should be noted, however, that the March PPI data were significantly revised down, with both PPI and core PPI down from 0.2 per cent to-0.1 per cent. But as Powell said, the PPI report is "mixed", which may widen the volatility of precious metals prices.

In addition, it is worth noting that Powell pointed out that service inflation will be the longest to be solved, and said that service inflation does not need to fall back to 2%, leading to market speculation that the Fed's inflation target range may be loosened and interest rate cuts may be expected to rise.

Taken together, the downward revision of PPI data may repair the market's confidence in falling inflation to a certain extent, combined with the weakening of economic data such as non-farm reports and first-time jobless claims, superimposed with geo-conflict support, the supporting force below the Shanghai silver market may be strong. However, we need to pay attention to the landing of CPI data released tonight, if CPI is higher than expected, we need to guard against the impact of changes in market sentiment on the market.

Source: Wind, Everbright Futures Research Institute

Written by Shi Shiming

Qualification: F03097365

Investment consulting qualification: Z0017563

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