Cable raw materials (rubber) weekly report (5.23-5.27)

1.
Macroeconomic news

1.
The minutes of the Fed's April meeting show that the Fed may raise interest rates
at its June meeting if future data shows that the US economy continues to improve.
After the release of the minutes, investors' expectations for future Fed rate hikes have heated up across the board, with the probability of a rate hike rising to 50% in July and 65%
in September.
The immediate reaction to the rising interest rate hike is the firmness of the US dollar, which, combined with the recent excellent US economic data, has continued the bottoming rally of the dollar index since early May
.
Once Fed rate hike expectations continue, a strong dollar will weigh on
commodities.

2.
China's industrial growth rate, consumption and fixed asset investment growth rate fell comprehensively in April, especially the growth rate of private investment continued to decline, and only real estate improved
.
From January to April, the national real estate development investment was 2.
54 trillion yuan, a nominal increase of 7.
2% year-on-year, showing that the effect of real estate market regulation and control policies was effectively released, and the main indicators of real estate continued to improve
.

3.
The preliminary composite PMI of the euro area in May was 52.
9, less than the expectation of 53.
2 and a 16-month low
.
The preliminary manufacturing PMI of the Eurozone in May was 51.
5, a three-month low
.
Eurozone May services PMI flash reading 53.
1
.
Germany, the largest economy in the Eurozone, had a five-month high of 52.
4 in May, and a preliminary services PMI of 55.
2, a three-month high, both better than expected
.
Germany's preliminary composite PMI for May was 54.
7, a five-month high and also better than the 53.
9 forecast of 53.
9
.

Second, the analysis of natural rubber market trends