January 3 London Copper Afternoon Review

On the news front, China's manufacturing industry continued to slow down
in the last month of 2018.
Caixin China's manufacturing PMI fell below the boom-and-bust line for the first time in more than a year and a half, with the new orders index entering contraction territory for the first time in 30 months, indicating that while external demand is weak, domestic demand is also weakening significantly, and the willingness of the manufacturing industry to destock has increased, and China's economy will face greater downward pressure
in 2019.

Yesterday's global manufacturing PMI in many countries was weak, investors were worried about the slowdown in global economic growth and stock market turmoil, so they turned to the dollar to hedge, today after the market sentiment eases may rebound, but from the technical point of view there is no support, so the rebound is not large, the overall maintain a low volatility pattern
.