Cable raw materials (aluminum) weekly report (8.22-8.26)

1.
The profit of China's industrial enterprises above designated size in July was 523.
01 billion yuan, an increase of 11% year-on-year; It increased by 5.
1%
in June.
From January to July, the profit of industrial enterprises above designated size was 3.
52359 billion yuan, an increase of 6.
9% year-on-year; It increased by 6.
2%
from January to June.

2.
The annualized quarter-on-quarter revised value of US real GDP in the second quarter was 1.
1%, 1.
1% expected, and 1.
2%
preliminary value.
U.
S.
personal consumption expenditures (PCE) were revised 4.
4% annualized qoq in the second quarter, 4.
2% expected, and 4.
2%
preliminary reading.

3.
Eurozone August manufacturing PMI preliminary value of 51.
8, expected 52, previous value 52
.
Eurozone services PMI preliminary reading for August was 53.
1 vs 52.
8 expected and 52.
9
previously.
Eurozone August composite PMI preliminary reading 53.
3 vs 53.
1 expected and 53.
2
prior.

4.
Bank of Japan Governor Haruhiko Kuroda said that the negative interest rate introduced in February could not be ruled out, even if the controversial policy failed to stimulate inflation or economic growth
.
Japan plans to add an additional 3.
2869 trillion yen ($32.
75 billion) to its budget to support Prime Minister Shinzo Abe's stimulus package, of which 2.
75 trillion yen will be financed
by building public bonds.

5.
Xinhua News Agency said that the current long-term low growth risks and uncertainties facing the world economy are increasing unabated, and it is difficult for developed economies to become the main driving force
of world economic growth in the short term.
The drawbacks of major developed economies such as the United States and Europe, which account for a high proportion and influence in the total world economy, and whose rising social inequality and the prospect of long-term sluggish growth cast a shadow
over the future of the world economy.