Cable raw materials (copper) weekly report (8.15-8.19)

In China, there are no major data releases this week, but the overall decline in China's July economic data released on Friday has left the market with palpitations
.
Because China, as the world's largest copper consumer, economic weakness often indicates a decline in copper demand in the future, and China's copper market will still face a test
in the next golden nine.

In the United States, this week's US economic data is mixed, with housing starts in July slightly better than the previous value, but construction permits less than the previous value, but the number of jobless claims in the first review last week, an important data for the labor market, performed better
.
However, the market's current expectations for the Fed's interest rate hike in the second half of the year are not high, mainly because the minutes of the Fed's July meeting show that although the Fed has reached an agreement on the improvement of the labor market, there is still a lot of disagreement on the recovery of inflation, which means that the Fed is unlikely to raise interest rates
in September.

In Europe, the ECB is still concerned about the unpredictable risks and banking sector vulnerabilities after Brexit, and the Eurozone CPI fell month-on-month in July, and the ECB still has the possibility of
increasing stimulus.
And the current global economic environment has not shown obvious signs of recovery, monetary easing around the world may continue, and the market's speculation for its easing may continue
.