Cable raw materials (aluminum) weekly report (4.18-4.22)

1.
The preliminary reading of the Eurozone manufacturing PMI for April was 51.
5, 51.
9 expected, and 51.
6
in the previous month.
Eurozone services PMI flash reading for April was 53.
2 vs 53.
3 expected and 53.
1
prior.
Eurozone preliminary composite PMI for April was 53 vs 53.
3 expected and 53.
1
prior.

2.
ECB: Leave the main refinancing rate unchanged at 0%, in line with expectations
.
Leave the overnight deposit rate unchanged at -0.
4%, in line with expectations
.
Leave the overnight loan rate unchanged at 0.
25%, in line with expectations
.
ECB: Committed to implementing the measures
announced on March 10.
Maintain the monthly QE scale at
80 billion euros.
Details of the corporate bond purchases will be announced
at a later date.

3.
In the United States, new housing starts in March were 1.
089 million, expected to be 1.
166 million, and the previous value of 1.
178 million was revised to 1.
194 million
.
US housing starts in March were -8.
8% m/m vs.
-1.
1% expected and revised from 5.
2% in the previous month to 6.
9%.

The US construction permit in March was 1.
086 million, a one-year low, and the expectation was 1.
2 million, and the previous value was revised from 1.
167 million to 1.
177 million
.
US construction permits in March were -7.
7% m/m vs.
2% expected, and the previous reading was revised to -2.
2%
from -3.
1%.
The total number of existing home sales in the United States in March was 5.
33 million annualized versus 5.
28 million expected, and the previous value of 5.
08 million was revised to 5.
07 million
.
Total existing home sales in the US in March were 5.
1% annualized m/m vs 4% expected, -7.
1% prior, revised to -7.
3%.

4.
The latest official Chinese data show that China's GDP in the first quarter of 2016 increased by 6.
7% year-on-year, of which industrial added value increased by 6.
8% year-on-year in March, an eight-month high, significantly better than the market expectation of 5.
9%, and total retail sales increased by 10.
5% in March, also higher than the expected 10.
4%.