Cable raw materials (copper) weekly report (6.20-6.24)

China: Following the June 16 Guiding Opinions on Creating a Favorable Market Environment and Promoting the Restructuring of the Nonferrous Metals Industry to Promote Transformation and Increase Efficiency, the NDRC said on June 17 that China will guide enterprises, finance and social capital to build reserves when non-ferrous metal prices are low, in order to establish a mechanism
to help regulate supply and demand and stabilize prices.

United States: St.
Louis Fed President Bullard unexpectedly shifted his policy stance to dovish on Friday, pessimistic that the US may only raise interest rates once in the next 30 months or more, and the US economy may have fallen into a low-growth range
.
This remark caused the overall solid performance of the US housing market to be ignored
by the market.
Based on the recent release of the Federal Reserve's housing market data, the lack of real estate inventory and rising prices are still continuing, while lower mortgage rates and good employment are supporting factors
.

Europe: The focus this week remains on the Brexit referendum result
.
From the standpoint of the two sides of the British Leave, the Brexiteers represented by British Labor Party lawmaker Hoy believe that Brexit may be the "catalyst" of EU reform, while the Remainers, represented by the Bank of England and dignitaries, have more from the perspective of world political and economic stability, clarifying the domino effect
that Brexit may have.
But whatever the outcome, this financial market turmoil is inevitable
.