The dollar continued to fall and the metals were mixed

Friday (September 15) the dollar continued to decline, on the one hand due to hurricane led to poor performance of US economic data, on the other hand, North Korea and the United States and the United States and the fear of the market to suppress the market sentiment. Inside and outside the disk base metal Friday night stage short-term decline after the higher, as the closing record were mixed, London lead performance is more strong.

China’s new RMB loans in August 1.09 trillion yuan, social financing scale 1.48 trillion yuan, are far exceeding market expectations. China’s chief economist forum senior researcher Cai Hao Comments August social financial data, said the traditional shadow bank loans under the influence of strict supervision continued to shrink, but in August seemingly strong social finance did not support the real economy.

China’s M2 money supply in August fell to 8.9% YoY, continuing a record low for the seventh consecutive month. Bank of Communications Financial Research Center E Yongjian said that in the loan increased more, financial deposits significantly reduced the case, M2 growth rate of new low, the main reason may be bank-issued bonds fell more. Social financing data show that the current corporate bonds net financing of 106.6 billion yuan, a substantial reduction of 2,173 billion yuan. The high base of the same period last year also had an important impact on M2 growth.

Eurozone 7 seasonally adjusted trade account announced value of 18.6 billion euros, lower than the previous value and expectations. This shows that despite the successive appreciation of the euro after the euro zone economy is stable, but because of the rapid appreciation, has begun to affect the euro zone economy. After the data was released, the euro fell slightly against the dollar.

US retail sales in August rose sharply in July after the rapid decline in the expected decline in the value of -0.2%, mainly due to decline in car sales due. The US Department of Commerce also pointed out that due to the impact of hurricanes, the United States southeast of the data statistics there is a certain lag. While sales of US cars may fall further due to the impact of hurricanes. Data released, the dollar fell slightly short-term.

Also affected by the hurricane, the US industrial output in August was much less than expected, the published value of -0.9%. However, the financial blog Zerohedge pointed out that excluding the impact of Harvey, industrial production growth in August has been down 0.15%, which is lower than Wall Street expected growth rate of 0.25 percentage points. Its hint, can not let the hurricane “back pot”. After the data was released, the dollar fell to its lowest level in the day.

As the first indicator of consumer sentiment in the United States in September the University of Michigan consumer confidence index published value of 95.3, compared with the previous decline, but better than expected. Curtin pointed out that the hurricane Harvey and Irma on the US economic situation in September caused a great impact. 9% of consumers have shown hurricane Harvey and Irma will have a negative impact on the overall economy concerns. But income growth and rising real estate value offset the negative impact of the hurricane. After the announcement, the dollar rebounded slightly.

The United States as of September 15 the week the total number of oil drilling published value of 749, compared with the previous decline in 7, the highest since June 16, the lowest since the week, the decline since January 2017 the largest decline since January. Well-known financial blog zero hedge said that as Texas gradually recovered from the impact of Hurricane Harvey, the region’s crude oil production has rebounded, but the number of wells continues to decline; as of September 15 the week the number of oil drilling Since January 2017 the most since.