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The Macro Front and Fundamentals Are Both Relatively Bearish, Aluminium Prices in May May Continue to Be Pressured_SMM

SHANGHAI, May 13 (SMM) - On the macro front, in China, the Central Bank announced that the deposit reserve ratio of financial institutions will be lowered by 0.25 percentage point on April 25 (excluding financial institutions that have implemented a deposit reserve ratio of 5%).
Central Bank Federal Reserve China Caixin Caixin Composite
Source: metal.com

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US Futures Dip As European Stocks Finally Erase All Pandemic Losses, Hit Record High

by Tyler Durden Tuesday, Apr 06, 2021 - 07:48 AM Global stocks hit record highs on Tuesday, supported by strong economic data from China and the United States, although US equity futures slipped as concern China is curtailing loan growth tempered optimism stoked by the U.S. economic rebound.  Nasdaq underperformed as investors locked in some gains on renewed reflation concerns hopes while currency and bond markets paused for breath after a month of rapid gains in the dollar and Treasury yields...
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