Good afternoon
the Services PMI in China jumped much stronger than expected…But perhaps more imporatnatly, we saw a record number of new infections in the States, as well as in Brazil..not good!
Gold is pretty quite..trading in the mid-seventies all day so far…Base metals are slightly weaker today except for nickel, which has managed to move through 13..000 US$/t for the first time in a while, as stainless steel markets in China are improving.
Over the last few days, European equity markets usually were dragged higher by US markets, which are closed today. Hence, Europe is seeing some profit-taking ahead of the weekend.
I fear there is very little to report otherwise!
have a nice weekend!
WS