Cable raw materials (copper) weekly report (5.8-5.12)

Internationally: US wholesale sales in March 0.
0% m/m vs 0.
6% prior, revised to 0.
7%; US Import Price Index 0.
5% m/m in April, -0.
2% prior, 0.
2% estimated; US export price index for April 0.
2% m/m, 0.
2% prior, estimate: 0.
2%; The US NFIB small business confidence index for April was 104.
5, the previous value was 104.
7, the forecast was 104.
0; the US unemployment rate was 4.
4% in April, compared with 4.
6% expected and 4.
5% in the previous month; U.
S.
non-farm payrolls changed in April: 211,000, prior: 98,000, estimate: 190,000, and Eurozone investor confidence rose to 27.
4 points in May from 23.
9 in April, hitting its highest level
since July 2007.
The latest U.
S.
economic data performed brightly, indicating that the U.
S.
economic recovery is strong, and economic indicators are generally better than expected, giving the Fed a green light to raise interest rates in June
.

Domestically: China's consumer price index in April was 1.
2% y/y, 0.
9% prior, 1.
1% estimated; China's April producer price index was 6.
4% y/y, 7.
6% prior, 6.
7% estimated; China's April import annualized rate (in RMB) was 18.
6%, 26.
3% in the previous month, and 29.
3% in the estimate; China's April export annuality (in RMB terms) was 14.
3%, 22.
3% in the previous month, and 16.
8% in the forecast; China's April trade balance (RMB) was 262.
3 billion yuan, compared with 164.
3 billion yuan in the previous month and 197.
2 billion yuan in the estimate
.
China's slowing economic growth signaled weakness in its industrial metals demand
.

Second, this week's market trend analysis