As of 20: 30 on February 20 1 1 Beijing time, the futures price of light crude oil for April delivery in the New York Mercantile Exchange rose by 4% to $93.3 per barrel; The New York Mercantile Exchange gold futures for April delivery rose 0.99% to-0/$402.2 per ounce.
The riots in Libya continued to escalate and the risk currency fell rapidly.
As the demonstrations in Libya continued to escalate, the risk aversion in the market warmed up, and the risk currency led by the euro fell rapidly from a high level, while the US dollar index continued to fluctuate upward. During the European market on Monday (2 1), with the escalating demonstrations in Libya, the risk aversion in the market warmed up, and the risk currency led by the euro fell rapidly from a high level, and the US dollar index continued to fluctuate upward.
According to well-known foreign media reports on Monday, a fire broke out in a central government building in Tripoli, the capital of Libya, suggesting that the tension in the country has further deteriorated.
Analysts pointed out that geopolitical tensions in North Africa have escalated again, which has stimulated the risk aversion in the market and put pressure on the trend of risky currencies.
The euro led the decline of non-American currencies, and the dollar fell rapidly from a high around 1.3700, and then hit a new low of 1.3662. Other non-US currencies such as the Australian dollar and the British pound all recorded different degrees of decline.
Previously, the Ifo business climate index released by Germany in February rose to11.2, which was higher than the expected110.3; At the same time, the current operating conditions and expected index also exceeded the expected level. In addition, the PMI data of manufacturing industries in the euro zone and Germany and France released earlier were also stronger than expected, which brought some improvement to market sentiment. However, in view of the further deterioration of the situation in North Africa, the non-American rebound is obviously limited.
On the daily chart, the US dollar index rebounded after falling for four consecutive days, but the rebound may be a rebound from the 5-day moving average. The US dollar index needs to stand on the previous upward trend line again to ease the short-term downward pressure.
Tensions have led to a sharp rise in oil prices and gold prices.
The tension in Libya led to a sharp rise in international oil prices and gold prices of 2 1. The oil price in London market broke through the mark of $0/05 per barrel/kloc, hitting a new high in two and a half years. The price of gold broke through the mark of $65,438+$0.400 per ounce, hitting a seven-week high.
Protests in Libya have intensified in recent days, and bloody conflicts in various places have caused many deaths. Libya is the third largest oil producer in Africa, with a daily crude oil export volume of 165438+ 10,000 barrels, mainly for Europe.
It is reported that the unrest has affected 6% of Libya's crude oil exports. It is reported that oil companies such as Royal Dutch Shell and Italian ENI Energy Group are preparing to evacuate some employees from Libya.
Wintershal, a subsidiary of BASF in Germany, is the only company that has confirmed the suspension of production. But executives of other major oil companies privately admit that they are launching emergency plans to evacuate all employees and stop production.
Affected by this, international oil prices rose sharply. The US market is closed for President's Day 2 1. London North Sea Brent crude oil futures price closed at 105.74 USD, up 3.22 USD from the previous trading day, the highest closing price since September 2008.
Affected by the situation in Libya and the increasing global inflationary pressure, a large number of safe-haven buying pushed up the international gold price. The spot gold price in London soared from 2 1.3% to 1.407.60 USD/oz.
Dennis gattermann, a well-known hedge fund manager and investor, believes that Libya is in political turmoil and there is no imminent solution. The situation in the Middle East and North Africa has become more uncertain, and it is expected that the international gold price will continue to rise.