After a week of adjustment, this cycle refers to a slight stabilization. Tuesday's strong rally led to a leading effect, but on Wednesday the market again looked weak. Closed on Wednesday, the csi 300, Shanghai 50 and has 500 index price - 0.05%, 0.13% and 0.13% respectively, and the corresponding period refers to the contract price that month were 0.13%, 0.21% and 0.13% respectively, liter discount - 17.9, 0.1 and 45.2 respectively. IF the basis difference between IH and IH is not large, IC water is significantly expanded, indicating that investors are more cautious.
OPEC's meeting tomorrow has raised concerns that the deal may not be expected.
Spot gold three (November 29) fell to negative area, the city lowest intraday dip to $1282.18 an ounce, gold short-term platform diving, has dropped below 1290 mark, further test average of one hundred days, but rebounded after bottoming out. Days out of the U.S. in the third quarter GDP revised is very strong, and growth of 3.3%, higher than the 3.0% expected, hit a new high since the third quarter of 2014, and this is the first time since 2014 for two consecutive quarter of growth above 3%. This shows that the us economy is growing strongly and has absorbed the damage caused by the hurricane. Federal reserve chair janet yellen testified before congress on Wednesday that the U.S. economy would continue to expand, and that the fed believes the path of incremental rate hikes is appropriate; There is no need to adjust the scale of the contraction, which is expected to rise to 2 per cent in the next year or two. Ms yellen's testimony further put pressure on gold.
The dollar index fell after a brief binge, but the dollar's bulls were still weak, despite the three positive fundamentals. Analysts say the flattening of U.S. Treasury yields is sending a clear signal to sell dollars. The dollar's bullish sentiment has been weighed down by uncertainty over the U.S. congress's push for tax reform.
Crude oil futures fell on Tuesday, as uncertainty over the outcome of the OPEC meeting this week weighed on oil prices, which will discuss whether to extend a deal to support oil prices.
U.S. WTI crude futures closed down 12 cents, or 0.20 percent, at $57.99 a barrel on Tuesday, November 28. Brent crude fell 14 cents, or 0.22 percent, to $63.24 a barrel on Tuesday. The organisation of the petroleum exporting countries (OPEC) policy meeting, market sentiment unprecedented caution, investors worried that there might be unexpected results prices retreat, at the same time, the us crude oil inventories last week rose unexpectedly also increases the downward pressure on oil prices. U.S. WTI crude oil futures prices hit a session low of $57.44 per barrel, while brent futures hit an intraday low of $62.72.