【 European Market Overview 】 European stocks plummeted and gold surged,OPCEMonthly reports boost oil prices and narrow their decline

The upcoming Brexit referendum and the meeting of the US and Japan central banks have put pressure on the market due to investor caution. On Monday, European stock markets fell across the board.goldRising to a four week high. Oil prices rebounded and the decline narrowed.


European stock markets fell across the board. The upcoming Brexit referendum and the meeting of the US and Japan central banks have put pressure on the market due to investor caution.


[blockquote]
GermanyDAXindex6month13Day (Monday) closing down173.62Point, drop1.77%Report9661.00Point;


FTSE100Index closing down70.76Point, drop1.16%Report6045.00Point;


FranceCAC40Index closing down86.22Point, drop2.00%Report4220.50Points.[/blockquote]

Chicago, known as the "Panic Index"optionExchange market volatility index（VIX）Monday saw a sharp rise, approaching12%Breakthrough19Point, reaching a three-month high, is mainly due to uncertainty before the Federal Reserve policy meeting and the Brexit referendum in the UK.


Spot Gold Monday（6month11Japan continued to rise to a four week high, with the highest intraday rise in the US market reaching1287.00dollar/ounce.


[blockquote]
goldfuturesThe price has increased by approximately7.7USD, reported per ounce1283.50USD.[/blockquote]

Citigroup stated in Monday's report that Brexit has affected many assets, except for gold, as assets are highly sensitive to potential outcomes due to global economic tensions.


The world's largest goldETF，SPDRLast Friday, we increased our position0.74%to893.92Tons, from2013year10The highest since the beginning of the month.


On Monday, the pound against the US dollar showed a first bearish and then upward trend. Rumors in evening polls cooled concerns about Brexit, and the pound against the US dollar rose nearly in the short term150Point to1.4318；


Due to concerns about Brexit, a general decline in the stock market, and a US shooting, market risk aversion has intensified, with the US dollar hitting a new low against the Japanese yen for over a month at one point105.74However, rumors in the evening UK polls caused the US dollar to recover some of its decline against the Japanese yen;


Announced during the time periodOPECThe wording of the monthly report is optimistic, stating that5monthOPECcrude oilProduction has decreased, oil prices have gradually stopped falling and rebounded, and the US dollar has fallen against the Canadian dollar from its high point, setting a new low for the day1.2749。


【 Oil Market 】 Crude oil futures prices are under pressure, and Brent crude oil once fell below50USD.


Monday（6month13OPEC released its monthly crude oil market report, stating5monthOPECThe production of crude oil has decreased. Oil prices have rebounded.


[blockquote]
maintain2016Global crude oil demand and supply expectations remain unchanged for the year.


It is expected that the global crude oil market will reach equilibrium by the end of this year.


estimate2016The oversupply of crude oil market in the second half of this year will decrease to1610000 barrels/Day.


OPEC5Monthly and daily production decrease9.9810000 barrels to3236.1Ten thousand barrels.


Global integration2016The estimated increase in annual crude oil demand is expected to remain at12010000 barrels/The day remains unchanged.Foreign exchange gold


OPEC5Monthly and daily production decrease9.9810000 barrels to3236.1Ten thousand barrels.


Global integration2016The estimated increase in annual crude oil demand is expected to remain at12010000 barrels/Ribu


OPEC5The decrease in monthly crude oil production is due to Nigeria's largest decline in production.


China's net import of petroleum products has increased compared to the previous round of statistics32.810000 barrels to823.6Ten thousand barrels, month on month increase4%。


2016The excess crude oil production in the first quarter of the year was259Ten thousand barrels.


estimate2016The annual global crude oil demand is9418Ten thousand barrels, unchanged from previous expectations.


5The daily production reported by Saudi Arabia has increased compared to the previous month0.8410000 barrels to1027Ten thousand barrels.


5The daily production reported by Iran has increased compared to the previous month1010000 barrels to360Ten thousand barrels.


India's net import of petroleum products has increased compared to the previous round of statistics28.410000 barrels to394.9Ten thousand barrels, month on month increase7.7%。


5The daily production reported by Nigeria has decreased compared to the previous month6.4510000 barrels to150.6Ten thousand barrels.
Continue reading:http://www.fxgold.com/news/whui14514o4.html [/blockquote]