According to the data released by the United States yesterday, its housing sales signed in April increase more than expected, showing strong U.S. economic recovery, and U.S. stocks went sharply higher yesterday. U.S. economic data helped European shares show signs of recovery.

   The information announced by the WTO on Wednesday showed that global merchandise trade grew 25% in the first quarter by the impact of increased demand in Asia,  It is reported that Chongqing property tax program is waiting for central approval. The central bank tightened loan to the steel industry in order to further eliminate backward production capacity,  so new projects are facing the capital bottleneck.
    Participants are worried about spread of European debt problems and the sustainability of China's strong demand, so the London futures market sharply dropped again yesterday. Nickel future prices are offered at 19,880 U.S. dollars / ton, down 800 U.S. dollars compared with the previous trading day, domestic spot nickel price was 165,000 yuan / ton yesterday. Because the price fell in foreign markets, domestic prices is expected to decline again. While the motivation for the prices to decline will reduce because of the U.S. economic recovery.