Base metals update By Mr. Yash Sawant, Angel Broking Ltd.
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Quote On Base metals update ByMr. Yash Sawant, Research Associate, Angel Broking Ltd.
Base metals update
Industrial metals are expected to remain under pressure following the low trading volumes due to holidays in UK & China. While the LME is closed today on account of May day, the shanghai stock exchange will remain shut until 5th May for the Labour Day break.
That, coupled with slower than expected expansion in China’s industrial sector following the surge in costs, stern environmental curbs & disrupted supply might keep the global investors on the back foot.
As per reports from the National Bureau of Statistics (NBS), China’s official manufacturing Purchasing Managers' Index (PMI) dipped down to 51.1 in April ’21, down from 51.9 recorded in March’21.
Above views are of the author and not of the website kindly read disclaimer
Tag News
On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
More News
Quote on Aluminum update By Mr. Yash Sawant, Angel Broking Ltd
