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Cable Raw Materials (Copper) Weekly Report (10.31-11.4)

 Last Update: 2022-12-03
 Source: Internet
 Author: User

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soot level high

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First, macroeconomics

Domestically, the latest data show that China's official manufacturing PMI was 51.
2 in October and China's Caixin manufacturing PMI was 51.
2 in October, both above
the boom-dry line of 50.
From the perspective of the overall change trend, the PMI data has shown some signs of bottoming out from the end of 2015 to the beginning of 2016, and further recovery is more likely in the later stage
.

Abroad, the Federal Reserve announced on Thursday that it would maintain the current level of interest rates, and the dollar index also fell from its high this week and contributed to the rebound
in copper prices.
This week's US ISM manufacturing index for October was better than expected, but the ADP payrolls in October performed poorly, and it is still necessary to pay attention to the US non-farm payrolls change data
for October.

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