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    Home > Chemicals Industry > New Chemical Materials > Cable Raw Materials (Copper) Weekly Report (9.19-9.23)

    Cable Raw Materials (Copper) Weekly Report (9.19-9.23)

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    First, macroeconomics

    First, macroeconomics

    1.
    China's macro data in August exceeded expectations, industrial growth rose to a five-month high driven by a slight improvement in domestic and foreign demand, infrastructure and real estate investment rebounded to help overall investment stabilize, and retail sales rebounded driven by automobile consumption, but it remains to be seen
    whether subsequent economic data can continue to be strong.

    2.
    The Fed released the results of the September interest rate meeting, and revised the wording of some statements while standing still, although the dot plot shows that the interest rate expectations of the members have become more divergent, but the market generally believes that the December interest rate hike is almost a foregone conclusion, there is no obvious negative for the dollar, and the current downside may be limited
    .

    3.
    Eurozone preliminary PMI data showed that the euro area economy continued to expand in September, and the preliminary manufacturing PMI rose to a three-month high in September, but the service sector fell to a 21-month low dragged down the composite PMI
    .
    The rise in manufacturing was mainly due to the increase in new orders and new export business, which reached the highest
    level in two and a half years.
    But the service sector is sluggish, and confidence in the service sector has fallen to a 21-month low
    .

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