Daily Base Metals Report

Wed 11 March 2020 17:30

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Authors

Liz Grant IC Account Executive

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Global financial markets remained in turmoil today as governments grapple with fiscal policy to support their economies against the impact of COVID19.
Stock markets had another volatile day, and crude oil headed south once again, the Bank of England announced an emergency 0,50% cut in base interest rates with US and ECB expected to announce similar moves at some point.

The Yen moved higher as investors look for haven cover and at time of writing Dow futures -870. Spot gold erased early gains and was last 1,648.
LME metals were weaker but remained above the lows seen on Monday, and 5 pm closes were all down.

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